XON Trade on Feb 23, 2015 14:09 from ivanka_BOWS: Tradervue User Stock Trades.

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ivanka_BOWS

 

Setup - Rubber Band snap-back - parabolic short

Daily chart - XON has been riding the upper bollinger band for days and was over extended to the upside.

Intraday (5-min) - looked very bullish in the morning. I waited until XON completely broke the MAs to the downside with the spike in volume, and pulled back on lower volume.

Entries: $42.94.
Stop loss: $43.15
Target: first at $42.50, next $42
Exit: scaled out to $42.014

Click on my scheen shot below:

http://prntscr.com/68z0c3


Execution detail:

Date/time Symbol Side Price Position
2015-02-23 14:09:46 XON sell $42.940 short
2015-02-23 14:09:46 XON sell $42.940 short
2015-02-23 14:09:46 XON sell $42.940 short
2015-02-23 14:17:21 XON buy $42.750 short
2015-02-23 14:18:11 XON buy $42.680 short
2015-02-23 14:22:42 XON buy $42.530 short
2015-02-23 14:24:42 XON buy $42.085 short
2015-02-23 14:24:58 XON buy $42.014 0

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