Shared by
WildThingTrading
Even though first trade I lost, entry was good and obeyed rules/stopped out as planned. The second trade was great as it gave me two entries to get some decent size for a real nice gain. After the big wash candle at around 10:45 I definitely thought it would at least test red if not stay red on the day. Gave me the confidence to have some size on it. Nice secondary play at noon too on the VWAP reject, but wasn't around to take another trade on it.
Great example of one of my favorite types of plays on a Parabolic/overbought chart. Gap up, big morning push, then break under moving avgs and VWAP for a nice fade with room to move.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-10-10 09:46:00 | CRBP | sell | $10.440 | short |
| 2016-10-10 10:28:00 | CRBP | buy | $10.600 | 0 |
| 2016-10-10 10:49:00 | CRBP | sell | $10.290 | short |
| 2016-10-10 10:52:00 | CRBP | sell | $10.230 | short |
| 2016-10-10 10:58:00 | CRBP | buy | $9.960 | short |
| 2016-10-10 11:01:00 | CRBP | buy | $9.810 | 0 |
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