LIVE Trade on May 23, 2014 13:40 from jmos_BOWS: Tradervue User Stock Trades.

Play: Flag breakdown

It was overextended, failed at 5, was making lower highs, 9ema was flattening out.Waited for it to break the 20ema to get in. It spiked moments after and got stopped out.
I was too early on that one.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-23 13:40:47	LIVE	sell	$4.570	short
2014-05-23 13:44:16	LIVE	buy	$4.680	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=LIVE&trade=1021235&end=20140622&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=LIVE&trade=1021235&end=20140523160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=LIVE&trade=1021235&end=20140523141316&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-05-26 15:43:59

Yeah that $5 mark was key resistance. The key was to short closer to $5 when it failed to break over and five the second time and put the stop at five.

jmos_BOWS

2014-05-27 08:11:54

Agree. I am trying to get that in my go-to list. I just feel more comfortable playing the break down once it breaks the 20ema.

LIVE Trade on May 23, 2014 13:40 from jmos_BOWS: Tradervue User Stock Trades.

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