Shared by
GingerSquid_BOWS
So thought this was going to fade of the bonce, which it did, what I didn't see coming was a bounce that ran back to h.o.d.
Broke the rule and doubled up for no good reason.
Didn't honor my R&R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-22 09:57:29 | NAT | sell | $12.120 | short |
| 2014-01-22 09:57:29 | NAT | sell | $12.120 | short |
| 2014-01-22 10:05:49 | NAT | sell | $12.244 | short |
| 2014-01-22 10:05:53 | NAT | sell | $12.240 | short |
| 2014-01-22 10:05:53 | NAT | sell | $12.240 | short |
| 2014-01-22 10:15:31 | NAT | buy | $12.350 | short |
| 2014-01-22 10:15:31 | NAT | buy | $12.350 | short |
| 2014-01-22 10:15:31 | NAT | buy | $12.350 | 0 |
Comments
EL_BOWS
2014-01-23 00:01:53
No confirmation of a reversal and a lot of space to the closest level of resistance. First large green candle also makes me nervous that it's not an easy go lucky bounce.
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First entry was just too soon. Second looks a little better as it has retraced half the downmove, but no other indication that the move will resume (and a doubleup, as you say).