NUE Trade on Mar 21, 2014 12:43 from mirko_BOWS: Tradervue User Stock Trades.

Premarket gapper showing lunch time weakness coming into the big resistance on the daily chart. Shorted on the flag breakdown once it got coiled under the 9EMA and broke below the 20EMA.

I was trading from the office and had to run out so covered my whole position which I would not do otherwise so left some money on the table.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-03-21 12:43:00	NUE	sell	$51.250	short
2014-03-21 12:43:03	NUE	sell	$51.250	short
2014-03-21 12:43:03	NUE	sell	$51.250	short
2014-03-21 12:43:03	NUE	sell	$51.250	short
2014-03-21 12:43:03	NUE	sell	$51.250	short
2014-03-21 12:43:03	NUE	sell	$51.250	short
2014-03-21 12:43:03	NUE	sell	$51.240	short
2014-03-21 12:43:03	NUE	sell	$51.250	short
2014-03-21 12:43:03	NUE	sell	$51.250	short
2014-03-21 12:43:49	NUE	sell	$51.240	short
2014-03-21 12:44:32	NUE	sell	$51.240	short
2014-03-21 12:44:40	NUE	sell	$51.240	short
2014-03-21 13:13:00	NUE	buy	$51.160	short
2014-03-21 13:13:05	NUE	buy	$51.160	short
2014-03-21 13:13:27	NUE	buy	$51.160	short
2014-03-21 13:13:27	NUE	buy	$51.160	short
2014-03-21 13:14:38	NUE	buy	$51.140	short
2014-03-21 13:14:40	NUE	buy	$51.140	short
2014-03-21 13:15:47	NUE	buy	$51.100	short
2014-03-21 13:27:47	NUE	buy	$51.040	short
2014-03-21 13:27:53	NUE	buy	$51.050	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NUE&trade=906956&end=20140420&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NUE&trade=906956&end=20140321160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jmos_BOWS

2014-03-22 14:47:26

I like the short as it ran into resistance on the daily and couldn't break over

mirko_BOWS

2014-03-22 17:26:32

Thanks Jonathan, that was exactly what I was thinking - it came to the big resistance on the daily which could not break and started showing weakness nicely coiling under the 9EMA so once it cracked it was a show time!

NUE Trade on Mar 21, 2014 12:43 from mirko_BOWS: Tradervue User Stock Trades.

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