ICLD Trade on May 13, 2014 13:52 from ThirdStringHero_BOWS: Tradervue User Stock Trades.

Short scalp - stock had upwards momo, but was extended.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-13 13:52:52	ICLD	sell	$4.000	short
2014-05-13 13:55:50	ICLD	buy	$3.900	short
2014-05-13 13:59:52	ICLD	buy	$3.960	short
2014-05-13 14:00:04	ICLD	buy	$3.950	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ICLD&trade=994806&end=20140612&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ICLD&trade=994806&end=20140513160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ICLD&trade=994806&end=20140513160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ICLD&trade=994806&end=20140513145804&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-05-13 19:43:43

It never gave a short setup.

ThirdStringHero_BOWS

2014-05-15 00:45:53

The first was a scalp short, just taking a few cents off during the pullback. That was a pullback play, based on volume and L2 action, and worked. The second was anticipating a pullback from long-term resistance, which didn't happen, and I got stuck in the trade because my platform went down. I have most success with pullbacks when I anticipate them based on resistance levels, and then set my stops tight above the resistance level; success rate isn't that high, but R:R ratio is high enough that I more than make up for it on the successes.

ICLD Trade on May 13, 2014 13:52 from ThirdStringHero_BOWS: Tradervue User Stock Trades.

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