XLNX Trade on Jul 23, 2014 10:06 from jschrager23_BOWS: Tradervue User Stock Trades.

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jschrager23_BOWS

 

Got in after the 1,2,3 set up or higher low and decided to take profits as it moved up....could have held a little longer though


Execution detail:

Date/time Symbol Side Price Position
2014-07-23 10:06:00 XLNX buy $40.000 long
2014-07-23 10:20:00 XLNX sell $40.360 long
2014-07-23 10:29:00 XLNX sell $40.440 long
2014-07-23 10:32:00 XLNX sell $40.680 0


Comments

2014-07-23 17:04:29
 

There wasn't really a 1-2-3 set up though. (One candle does not a 1-2-3 make). I'm glad it worked out for you - but I think this was a risky trade. you bought right below the VWAP, and it was bear flagging. I like your first exit, and I am very proud of your scaling exits! :-))

2014-07-23 17:07:51
 

I don't use emas or vwap at all anymore...those just cloud my judgement. what I saw was a higher low after a big move down. Yeah I managed to scale out this time...promised I would try today lol

2014-07-23 17:14:42
 

the 1-2-3 though has nothing to do with the ma's, but I understand not using them anymore. I think Brahim tried that for a while. I guess what I am getting at is you entered at the high of the candle 3 candles earlier - was risky to do, as that very well could have been resistance. (it really should have been). But I do also see the "higher low" that you saw. Hmmmm, interesting trade. Woulda just scared me, that's all. Maybe this is your mastery trade!

2014-07-23 17:29:30
 

oh yeah I know...1,2,3 is separate...what I mean is if I had seen the vwap I probably would not have taken this trade...but in terms of price action it was a go for me , confirmation of the higher low , I'm in!

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