ORMP Trade on Feb 5, 2014 13:30 from EL_BOWS: Tradervue User Stock Trades.

FTBD, waited for confirmation. Didn't go. Wasn't watching later on next breakdown of same price when it went.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-05 13:30:34	ORMP	sell	$16.560	short
2014-02-05 13:39:59	ORMP	buy	$16.680	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ORMP&trade=830116&end=20140307&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ORMP&trade=830116&end=20140205160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ORMP&trade=830116&end=20140205160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

PHILnomenal

2014-02-05 17:24:39

This one could've went either way at this point, trend was definitely down. Looks to have found a bit of price support at the Opening Range gap up level.

Nape_BOWS

2014-02-05 18:29:08

Stock is oversold and has already been down big 4 days in a row. It is also sitting on top of the 50ma on daily chart. Not worth shorting IMO.

Markmandy54

2014-02-05 21:27:24

intraday looked great but i agree w/nape, nice bounce off the 50MA on daily so diminishes the probability of the intraday move.

jmoscate_BOWS

2014-02-06 08:44:37

Make sure to match on all time frames. It will reduce the bad trades with less probabilities of breaking up or down.

EL_BOWS

2014-02-06 09:20:36

@PHIL: agreed -- I even saw that support, but it'd been tapping the 16.50 level since noon, and I was hoping to get a quick scalp or a break through to fill the gap.

@Nape/Markmandy: I was watching the daily and I figured that if it bounced at it, I'd have a dollar in my pocket at that point.

@jmoscate: too true!

ORMP Trade on Feb 5, 2014 13:30 from EL_BOWS: Tradervue User Stock Trades.

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