TPLM Trade on May 16, 2014 15:00 from ThirdStringHero_BOWS: Tradervue User Stock Trades.

Entry: Possible FTBO, entered on what I thought was a slight pullback (but ended up being the start of a tank). High R:R trade, since there was sky above 9.9 on the intermediate and long-term charts.
Exit: Stopped (price and blew through 9EMA)

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-16 15:00:39	TPLM	buy	$9.900	long
2014-05-16 15:00:39	TPLM	buy	$9.900	long
2014-05-16 15:00:39	TPLM	buy	$9.900	long
2014-05-16 15:00:39	TPLM	buy	$9.890	long
2014-05-16 15:03:07	TPLM	sell	$9.840	long
2014-05-16 15:03:07	TPLM	sell	$9.840	long
2014-05-16 15:03:07	TPLM	sell	$9.840	long
2014-05-16 15:03:11	TPLM	sell	$9.845	long
2014-05-16 15:03:19	TPLM	sell	$9.840	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TPLM&trade=1002762&end=20140615&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TPLM&trade=1002762&end=20140516160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TPLM&trade=1002762&end=20140516160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TPLM&trade=1002762&end=20140516160000&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-05-16 19:37:20

Notice how far away it was from its ema when you entered the trade. Once the ema caught up with it rip again.

ThirdStringHero_BOWS

2014-05-16 20:37:04

Good point. I was looking at it on the 2 minute chart, where the EMAs were a lot closer, and showed many taps at 9.90. I get stuck in that mode where I don't look at the 5 min chart, but the 5 min chart is a better tool to use to pick setups (smaller time frames really only good for choosing when to enter).

TPLM Trade on May 16, 2014 15:00 from ThirdStringHero_BOWS: Tradervue User Stock Trades.

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