TEL Trade on Jan 23, 2014 09:43 from EL_BOWS: Tradervue User Stock Trades.

Reviewing in ToS, I can see that I was buying the ORB, but I waited for it to clear yesterday's resistance level. It just looks massive on the 5-minute here. Thought it didn't matter because of how far yesterday's open ran.

What did I do wrong?

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-23 09:43:15	TEL	buy	$60.300	long
2014-01-23 10:04:11	TEL	sell	$59.990	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TEL&trade=811360&end=20140222&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TEL&trade=811360&end=20140123122911&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TEL&trade=811360&end=20140123160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-01-23 18:24:23

You could have hit at $61.10 as it was clearing the ema's for a quick scalp with a stop right under $61, but I would have passed on this as it was to much price resistance from the previous day.

EL_BOWS

2014-01-23 18:26:31

So I can play the ORB before it even gets to the opening price as long as it's showing strength (volume) and crossing the MAs? Valuable info.

Sayed

2014-01-23 20:08:12

ORB works better in fresh 1st day run. keep that in mind.

Sayed

2014-01-23 20:09:54

See the day b4 chart. Fresh run ORB worked wonder.

EL_BOWS

2014-01-23 20:55:53

Thanks Sayed, I'll keep that in mind.

TEL Trade on Jan 23, 2014 09:43 from EL_BOWS: Tradervue User Stock Trades.

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