052407 - DLB - 15mins - Loss*Paper

Symbol: DLB
Type: Short
Entry: During the 8th bar
Exit: Final bar of the day
Result: Lost -0.34%

When the 8th bar painted a weak bearish signal, covering both the 6th and the 7th bar, I really thought I could NOT go wrong with this trade. The Bearish Engulfing happened again on the 13th bar, but still, it didn't happen. Looking back at the chart now, I noticed that there were hardly any volume! (Something that I didn't pay attention to when I was executing my Paper Trade.) Anyway, my Protective Cover was set at the top of the 8th. It never got there, but it also never hit my target. I covered my short prior to the market closes.