STZ Trade on Oct 7, 2015 13:47 from josiah: Tradervue User Stock Trades.

This was my best trade idea of the day, and it worked extremely well if I had not had the jitters and hit out at 1R profit. Moved at least 4Rs. Let's review this one so that I will know better in the future what to look for on these setups and have the confidence to hold on to my position.

Positives:
- Stock gapped up on momentum and good earnings news - beat exp earnings by .24, rev in line
- Faded for the day but found support between 132-133
- Put in 5' higher low at 132 / 12:30
- Put in 5' higher high at 133.25 / 1:00
- Based on 5'20ma
- Based on 133 whole number, establishing support
- Volume started picking up / volatility came in running stops
- Tried to roll over bearish briefly, before completing a micro cup as well as a full 5' cup entry pattern
- I like that on a 15' chart the entry area was possibly a disappointment area for shorts trying to get back in on a 15' pullback

Negatives:
- Gap up after several days up = extended on daily
- Faded all day = bearish intraday momentum
- Broke the morning low at 132.50 prior to setup (could be good or bad, depending on perspective -- breaking the low might have gotten additional shorts into the stock = more people to trap).