timwest
Short

Alibaba Group - BABA - Daily - Is anyone brave enough to short

NYSE:BABA   ALIBABA GROUP HLDG LTD
429 4 6
There is a level of supply at this mode to trade against. We are simply selling against other sellers that might be here on a return to "BREAKEVEN" from the decline.

Target = LOW
Stop = 1 ATR(11-day)

Tim

11:32AM EST 87.50 last BABA
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NewAgeInvesting
2 years ago
quick question how are you able to change the color of the some of the bars to black??
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timwest PRO NewAgeInvesting
2 years ago
Hi - I wrote a script to change the bars to different colors.
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timwest PRO
2 years ago
By putting stops too close, even at 1 ATR, you expose your stop very easily to the market. It's best to trade smaller and use a wider stop, from my perspective. But the fact that BABA was able to go up as high as it did today is a a sign that the sellers aren't as eager to sell as you would have thought. It was big that the market was up 300 pts (DJIA) today, but losses are losses. You win some, you lose some.
snapshot
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HamedAghajani PRO timwest
2 years ago
As is filled all the gap, upon opening, has it the tendency to continue toward the lower levels?
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