WFM Trade on May 8, 2014 12:52 from Mike_Lucas_BOWS: Tradervue User Stock Trades.

Setup: Intraday rubber band snap back

This sock was racing up without any rest, so I was looking for a breakdown entry. On the 1 minute chart I identified $39.67 as that spot. It tapped it twice, and I made an anticipatory entry that it would tap it a third time.

My target was possible support at $39.46.

Looking back, I probably won't try this type of trade in the near future. Not a clean setup.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-08 12:52:01	WFM	sell	$39.700	short
2014-05-08 13:16:47	WFM	buy	$39.460	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WFM&trade=984000&end=20140607&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WFM&trade=984000&end=20140508160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=WFM&trade=984000&end=20140508160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=WFM&trade=984000&end=20140508133847&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

ftai_BOWS

2014-05-08 20:36:29

Good trade. Should hold it longer with the market tanking.

WFM Trade on May 8, 2014 12:52 from Mike_Lucas_BOWS: Tradervue User Stock Trades.

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