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TomKirk
Jun 12, 2018 4:57 AM

Bank of Queensland short Short

BANK OF QUEENSLAND LIMITED.ASX

Description

-10 Year+ Symmetrical triangle (dubious without a launching pattern)
-Weekly 50/200 SMA pinch
-Weekly volume confirmation on primary pattern breakout
-7 Week symmetrical triangle launching pattern just outside the bounds of larger pattern
-Daily Bollinger band squeeze and expansion

30 basis points
Trend follow model for trade management
I saw this and acted without planning trade out thoroughly, breaking discipline rules. Alert went off and I went short just before I had to leave before an appointment, do not know why was not on my active watchlist.
Breakout is strong but not a daily close yet

Short at market @ 9.91 12:23 AEST
SL @ 10.20

Trade active

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