ARMH Trade on Feb 4, 2014 12:31 from LPeriman_BOWS: Tradervue User Stock Trades.

I thought this was an ideal setup, so I went double position size.

Thesis: Downtrending stock on the daily, with 20SMA curling over on top. Gap down at open with a big squeeze and long consolidation with red volume bars twice as much as the green bars. Only thing that made this trade suspect was extreme oversold stochastics on the daily.

R/R was 5:1: Didn't work, so got out quick (byproduct of double position size coupled with my thesis was broken).

BoWS: Was my plan sound, or do you just think this was a snapback play after the opening gap down? Thanks.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-04 12:31:35	ARMH	sell	$42.750	short
2014-02-04 12:44:16	ARMH	buy	$42.840	short
2014-02-04 12:44:16	ARMH	buy	$42.840	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ARMH&trade=829192&end=20140306&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ARMH&trade=829192&end=20140204160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Sayed

2014-02-04 19:30:59

U didn't have any confirmation on you theory to enter that short where u did. That break down attempt and recover made this setup even more trickier. http://prntscr.com/2plpnm

LPeriman_BOWS

2014-02-04 19:34:50

Really appreciate the help/feedback!!

ARMH Trade on Feb 4, 2014 12:31 from LPeriman_BOWS: Tradervue User Stock Trades.

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