Shared by
stormstocks_BOWS
Set up: STock is trading in nice upward channel. Nice pull back to 20 EMA is holding and creating mini ascending bull wedge.
Entry; on pull back to 20 EMA
Stop: under 18.57
Exit: I scaled out on the way up, last exit at 19 as that was my target for this wave.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-04-29 12:12:00 | ABX | buy | $18.670 | long |
| 2016-04-29 12:21:00 | ABX | sell | $18.790 | long |
| 2016-04-29 12:26:00 | ABX | sell | $18.900 | long |
| 2016-04-29 12:35:00 | ABX | sell | $18.970 | 0 |
Comments
stormstocks_BOWS
Hi LPeriman. I actually did. I just shares all my trades from Fri.
Yes that was a perfect spot to reenter as the volume on pull back low, price suppor, moving avg support and stock trading in nice upward rising channel.
kunal00
u seem to be do much better with trending stocks then trying to long the gap downs the odds and wind at ur back is giving u some good trades on this type
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Nicely done. I'm always thinking about "reasons2exit" and I think you did a great job. Well, I don't know your rules, but it looks good to me :)
Did you consider reentering on the pullback to support? http://screencast.com/t/bQMra2YhQ5