VLO - Good play, entry a bit late but on the right hand chart which is 5 minute candles, the entry happened really fast, it broke through 44 level in the same candle. (yellow highlighted candle) typically this is not the best way to enter a trade but in the morning I had written down the VLO would be a good short around 45, but the high it did was 44.55. My short entry was at 44.05 and it worked. My exited half my position first when I reached almost .50 cents below my entry which was around 43.65 and then watched it go down to 43.40 and then once it came back up to 43.60 area I exited the other half of the position. If I had waited for the pivot my exits would be somewhere around 43. 35 area.
COH - Again just like LVS, COH and I have a bad history. BUT, today I actually looked closer and thought about the trade before trading. COH looked very tempting, but with closer examination, COH had absolutely no set up. It looked like it did, it looked like it was going to go back up to 50, but NO! Like the bags COH makes the stock is UGLY and there are a lot of fakes. A reasonable setup would have been if the stock based at the lows for a while, but it did not, it came back really quick and this is a warning sign.
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