CAH Trade on Apr 29, 2016 13:20 from firesky_BOWS: Tradervue User Stock Trades.

LONG INTRADAY POSITION: Looks like its bouncing; last candle was a hammer and pullback is on low volume. I've placed my stop at $79.35 with targets at $79.67 and $79.89. Corresponding R/Rs are 2.2 and 4.4 respectively.

Hit stop, all out.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-04-29 13:20:00	CAH	buy	$79.450	long
2016-04-29 13:23:00	CAH	sell	$79.350	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CAH&trade=4541590&end=20160529&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CAH&trade=4541590&end=20160429160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CAH&trade=4541590&end=20160429145300&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2016-04-29 17:09:32

Daily chart just doesn't seem to say "long" to me.after the big rundown. Also, don't see an intraday setup beyond that looks to be bouncing. Pertty big resistance overhead http://screencast.com/t/VmySYnYdJ (I know you already see it based on your targets). It is good you got out quick, but 10 cent stops in a 78 dollar stock will earn a very low win rate.

All that said, I do see what you were thinking. You wanted to get in on the low-end of the bounce. But there just aren't any buy signals.

kunal00

2016-05-01 18:18:36

u can't have a long setup there. u want to long it u bet it low.. to buy the double top after it fills the gap is risky.. a lower high after a double top is not a setup

CAH Trade on Apr 29, 2016 13:20 from firesky_BOWS: Tradervue User Stock Trades.

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