Shared by
Markmandy54
Big rip off earnings and rolled over and bear flagged allowing 9/20EMA to roll over. Stop -1.25, Target +3. Ended up breaking out so got stopped.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-27 10:22:05 | BIDU | sell | $173.350 | short |
| 2014-02-27 10:26:14 | BIDU | buy | $174.570 | 0 |
Comments
johnc_BOWS
As far as this being an earnings play, I might disagree. I could be wrong, but it looks like it simply popped up after that being in that consolidation range for a few days.
I do see that it's a perpetual fader though. It just seems like you shorted it when it was about to hit price support from the previous day. Look how it bounced right at that area. If this had bad news, sellers wouldn't have cared about that support level. However, there's always that probability that swing traders will buy at that level. That could be why it consolidated there. Bears and bulls were arm wrestling for control, and there was no reason why bulls would win when the daily appears to be in a new uptrend.
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Broke that opening range on the 5 and 2 min chart to the upside, that signals strength (generally speaking) along with the relative light volume on the pullback. To me, everything stacks up to either stay away or take long if the opportunity presents itself