Bulkowski gap fade.
stop: 7.70
ToS up to it's old tricks and I got double filled so I sold back down to 500 immediately.
Then I scaled half into the spike and moved the stop to breakeven.
I got stopped out for the rest.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-20 09:31:54 | WLT | buy | $7.840 | long |
2014-03-20 09:31:56 | WLT | buy | $7.850 | long |
2014-03-20 09:32:28 | WLT | sell | $7.880 | long |
2014-03-20 09:32:47 | WLT | sell | $8.010 | long |
2014-03-20 09:36:21 | WLT | sell | $7.840 | 0 |
This is a non-BOWS gap fade play inspired by Bulkowski's latest book. Basically, I fade very early off the 1 minute chart. There is more too it than that but that's the gist of it.
Once in, he likes to hold through the close but I tend to take partial as a scalp and breakeven stop to up the win rate.
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hmmm? not sure here?