i'm surprised at the action on this trade. i would have been thinking long since it seemed to have been running for a bit. no consolidation before the breakdown like the other charts.
J- are you seeing the same chart as me? 2 green candles out of 13 strongly suggests it's headed lower. consolidation is never needed and rarely seen on a trending stock.
on your SOL trade, i was looking at that 10:25 volume bar, and being it was bigger (not by much) than the recent majority, my first instinct would have been looking for a counter trend trade, or pullback, before resuming the run down, like what happened around 11:15. i would have felt much more comfortable shorting in that area. for me, it seems that i always get stopped out when i hop on mover. it's best for me to wait for the pullback and then go for it. now i also see the huge volume on your cover around 11:35, much more powerful than the volume bar i was noticing around 10:25.
entry
3 comments:
i'm surprised at the action on this trade. i would have been thinking long since it seemed to have been running for a bit. no consolidation before the breakdown like the other charts.
nice call!
J- are you seeing the same chart as me? 2 green candles out of 13 strongly suggests it's headed lower. consolidation is never needed and rarely seen on a trending stock.
i was thinking of this SYK that you shorted after a big run.
http://bankrobbertrades.blogspot.com/2010/10/syk.html
or this POT trade:
http://bankrobbertrades.blogspot.com/2010/08/pot-short-pot-cover.html
on your SOL trade, i was looking at that 10:25 volume bar, and being it was bigger (not by much) than the recent majority, my first instinct would have been looking for a counter trend trade, or pullback, before resuming the run down, like what happened around 11:15. i would have felt much more comfortable shorting in that area. for me, it seems that i always get stopped out when i hop on mover. it's best for me to wait for the pullback and then go for it. now i also see the huge volume on your cover around 11:35, much more powerful than the volume bar i was noticing around 10:25.
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