Shared by
James_BOWSsim
Kunal called this flag breakout in his live webinar and I decided to take it for a long while it flagged. However on the 15 minute chart you can easily see the red bars outnumber the green, and there wasn't quite enough volume for the move to happen. This was a good setup to take in my opinion because you have the moving averages riding right under the price, which was sitting near $11-12 support on the daily. Didn't lose much at all getting stopped out. I added more shares in as the price began to crack the flat top area around it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-01-21 10:09:07 | WTW | buy | $12.420 | long |
| 2016-01-21 10:10:59 | WTW | buy | $12.560 | long |
| 2016-01-21 10:24:00 | WTW | sell | $12.290 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!