BP Trade on May 11, 2015 11:29 from foldelinio_BOWS: Tradervue User Stock Trades.

Stop: 42.80
R: -1

Good lesson...
May put buyer for size. Stock flagging on the daily, weak opening, flush below morning + previous days support.

Setup and trade idea was alright BUT this stock is an ADR, which has effects on how it looks on the tape. The entire action is going on in the UK so everything I could see was bids and offers flipping up and down and an occasional arb trade printing. So it went up although bids were hit and vice versa, leaving me totally in the dark with regards to levels.

Had to bail at resistance

Execution detail:

Date/time Symbol Side Price Position

2015-05-11 11:29:40 BP sell $42.740 short

2015-05-11 11:30:32 BP sell $42.760 short

2015-05-11 11:53:45 BP buy $42.800 0

Date/time	Symbol	Side	Price	Position
2015-05-11 11:29:40	BP	sell	$42.740	short
2015-05-11 11:30:32	BP	sell	$42.760	short
2015-05-11 11:53:45	BP	buy	$42.800	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BP&trade=2488441&end=20150610&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BP&trade=2488441&end=20150511141345&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=BP&trade=2488441&end=20150511124545&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Sayed

May 12, 2015

Short spot was where u covered! U needed to re add on bear flag break. http://prntscr.com/74g8e3

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BP Trade on May 11, 2015 11:29 from foldelinio_BOWS: Tradervue User Stock Trades.

Comments

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