PBF Trade on Feb 24, 2014 11:17 from mirko_BOWS: Tradervue User Stock Trades.

DAILY: Flag Breakout
INTRADAY: Flag Breakdown

Stock had a decent run up in the morning and reached the 200DMA on the daily which acted as a resistance not being able to crack it. Once it started coiling under the 9EMA and cracked below the WWAP I shorted on the flag breakdown but no go.

Probably because it had a strong support under in 20EMA?

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-24 11:17:08	PBF	sell	$27.030	short
2014-02-24 11:17:08	PBF	sell	$27.030	short
2014-02-24 11:17:08	PBF	sell	$27.030	short
2014-02-24 11:17:08	PBF	sell	$27.030	short
2014-02-24 11:17:08	PBF	sell	$27.030	short
2014-02-24 11:17:08	PBF	sell	$27.030	short
2014-02-24 11:17:09	PBF	sell	$27.040	short
2014-02-24 11:17:09	PBF	sell	$27.040	short
2014-02-24 11:38:48	PBF	buy	$27.150	short
2014-02-24 11:39:01	PBF	buy	$27.150	short
2014-02-24 11:39:05	PBF	buy	$27.120	short
2014-02-24 11:39:05	PBF	buy	$27.120	short
2014-02-24 11:39:05	PBF	buy	$27.120	short
2014-02-24 11:39:05	PBF	buy	$27.120	short
2014-02-24 11:39:05	PBF	buy	$27.120	short
2014-02-24 11:39:05	PBF	buy	$27.120	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PBF&trade=854551&end=20140326&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PBF&trade=854551&end=20140224140405&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Sayed

2014-02-24 18:56:46

Yes. usually 1st 20 EMA test holds.

mirko_BOWS

2014-02-25 16:04:22

Appreciate the info Sayed, made that day twice the same mistake but did not make it today for the third time. Instead I used that info to my advantage and did some nice shorts!

PBF Trade on Feb 24, 2014 11:17 from mirko_BOWS: Tradervue User Stock Trades.

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