Shorted when opening range B/D was taken out, did everything right except allow position to play out. When it rallied on low volume breaking above the 9ema and vwap I got scared and sold. My stop wasn't even close to being triggered as I went in with half position which allowed for a looser stop. Had I not sold out of fear I would have netted a nice move.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-25 09:39:33 | HAE | sell | $33.275 | short |
2014-03-25 10:09:34 | HAE | buy | $33.310 | 0 |
I would've hit it first thing @ 33.50, yesterdays low, with my stop at the top of todays highs.
I think you covered right with your lower entry. The only thing you did wrong was not get back into it. I would've hit it @ 33.20, when it broke the 20ema AND 9ema. Then I would put my stop at the 33.45-50, the top of the green candle wick.
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Lower highs. It never violated the trend. Idea stop..http://screencast.com/t/DzoM00CaAh2k