YY Trade on May 30, 2014 10:28 from Markmandy54: Tradervue User Stock Trades.

Daily extended and approached role reversal at 65. Stop -.25, Target +.75 and looking to swing to low 60's. The lower high looked great intraday but got hit on the bounce.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-30 10:28:26	YY	sell	$65.050	short
2014-05-30 10:31:56	YY	buy	$65.340	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=YY&trade=1038481&end=20140530113156&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=YY&trade=1038481&end=20140530130156&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=YY&trade=1038481&end=20140530160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=YY&trade=1038481&end=20140629&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

moneymatter49

2014-05-31 17:38:35

After a descent such violent it is natural to expect a bounce (3rd law of motion) plus 64.8ish was a very strong resistance and the movement was exausted and it need to "rest"

Markmandy54

2014-05-31 18:23:28

On the daily that 65 area looked like great role reversal and i saw the intraday bear flag. However totally agree with difficult to gauge with the violent +2 run up, -2 run down At the open.

jmos_BOWS

2014-06-01 17:04:55

After a violent move, I have found that the secondary setup right after is often a takeout and needs more time whether it is via time or via price as you guys said. I prefer to stay out of it even though sometimes, it means missing out.

Markmandy54

2014-06-01 19:38:39

Sometimes it does, however the last several i've passed on have had great moves that looked just like this, go figure.

YY Trade on May 30, 2014 10:28 from Markmandy54: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax