Shared by
jmoscate_BOWS
Play: none
bad set up. Tried to short it but there was nothing there at all. Should have just stayed out of it. Even when i entered, I asked myself why did i get in but i had a very tight stop.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-11 10:51:10 | DF | sell | $13.700 | short |
| 2014-02-11 10:51:10 | DF | sell | $13.700 | short |
| 2014-02-11 10:54:36 | DF | buy | $13.770 | short |
| 2014-02-11 10:54:36 | DF | buy | $13.770 | 0 |
Comments
jmoscate_BOWS
Exactly, you are def right and the green bars were making higher highs. The big picture was there but the details weren't matching.
Markmandy54
I'm not really seeing the setup with where you entered but regardless the stop is great.
EL_BOWS
I see the entry you were seeing -- the weak relative volume as it climbed back to the MA, the previous red candle, then the break under the MA. Looks like a wedge bear flag that's starting to break down.
I'd be interested in hearing sayed's thoughts on this as this is something I look at regularly, can you tag it for review?.
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You know ... I can see why you got into this. It's a big ass bear flag. In fact, I'm thinking tomorrow will see the drop. But one thing ... look at the volume prior to your entry. Pretty big green bar (and relatively small red ones) prior to your entry for a short.