SAVE Trade on Feb 24, 2014 11:16 from mirko_BOWS: Tradervue User Stock Trades.

DAILY: Parabolic Short
INTRADAY: Flag Breakdown

Stock way overextended on the daily and outside the BB. After a morning push started breaking down right away and I shorted on the mini flag breakdown once it was pushed by 9EMA from above but I chased it on the entry.

No go, it found support on the 20EMA and bounced back. Is that a reason for no follow through action/tank?

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-24 11:16:33	SAVE	sell	$55.760	short
2014-02-24 11:16:33	SAVE	sell	$55.760	short
2014-02-24 11:16:33	SAVE	sell	$55.760	short
2014-02-24 11:16:33	SAVE	sell	$55.760	short
2014-02-24 11:16:33	SAVE	sell	$55.760	short
2014-02-24 11:16:34	SAVE	sell	$55.750	short
2014-02-24 11:54:54	SAVE	buy	$55.900	short
2014-02-24 11:54:54	SAVE	buy	$55.900	short
2014-02-24 11:54:54	SAVE	buy	$55.900	short
2014-02-24 11:54:54	SAVE	buy	$55.900	short
2014-02-24 11:54:54	SAVE	buy	$55.890	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SAVE&trade=854550&end=20140326&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SAVE&trade=854550&end=20140224141454&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Sayed

2014-02-24 18:57:29

Bad spot short! Right on 20 EMA after flush.

mirko_BOWS

2014-02-25 09:17:42

Yep, just as I thought that was a big no no reason. Thanks Sayed!

SAVE Trade on Feb 24, 2014 11:16 from mirko_BOWS: Tradervue User Stock Trades.

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