ORCL Trade on Jul 24, 2014 11:42 from firesky_BOWS: Tradervue User Stock Trades.

SHORT SWING TRADE:
Shorting here for the same bear flag setup from my previously unsuccessful position. Entry is at 40.63 (because its my lunch break and that's the market price right now), stop is at 40.89 just above the previous high resistance. First target is at the previous flag low (39.86). This gives me an R/R of 3.0.

7/29/2014: Could still be a flag, but my resistance lines to the upside broke down and the price action over the last few days was making me uneasy. I essentially just wanted out to ease my stomach.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-07-24 11:42:00	ORCL	sell	$40.630	short
2014-07-29 09:31:00	ORCL	buy	$40.550	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ORCL&trade=1172447&end=20140824&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ORCL&trade=1172447&end=20140729160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-07-24 15:42:36

I like the R/R. Could go either way though.

ORCL Trade on Jul 24, 2014 11:42 from firesky_BOWS: Tradervue User Stock Trades.

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