GMCR Trade on Jun 9, 2014 11:28 from jschrager23_BOWS: Tradervue User Stock Trades.

This was a technique I learned outside of class. It is known as a break out failure play. I decided to go long on this one when it could not go lower and made a candle over candle move. I got out pretty quickly but told myself I would wait for the higher low if one was formed and the confirmation of the 1,2,3 pattern to get in. It did this but I wasnt watching at the moment unfortunately.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-06-09 11:28:39	GMCR	buy	$113.840	long
2014-06-09 11:41:31	GMCR	sell	$114.420	long
2014-06-09 11:41:42	GMCR	sell	$114.420	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GMCR&trade=1050978&end=20140709&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GMCR&trade=1050978&end=20140609140642&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Gena_BOWS

2014-06-09 16:33:17

Hey, did you tell us about this one in the chat? I don't recall seeing it! Although I had to leave around 11:30, so could have missed it. good trade!

jschrager23_BOWS

2014-06-09 16:45:06

yeah I did lol as soon as you left though i think, I looked at the chart bc of you lol so THANKS!

GMCR Trade on Jun 9, 2014 11:28 from jschrager23_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax