YY Trade on Jun 27, 2014 09:43 from Markmandy54: Tradervue User Stock Trades.

Daily looked good, Flag on 30 min. Started to go off open and i bought the highs with a stop under previous day close. Target was just under 76 (Resistance 30min) and got shaken out on the roll over.
LESSON: THIS MARKET IS BUY THE DIPS, SELL THE RIPS. 30 MIN SUPPORT WAS 74 AND WAS THE PLACE TO BUY, NOT SELL!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-06-27 09:43:24	YY	buy	$74.650	long
2014-06-27 09:54:41	YY	sell	$74.140	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=YY&trade=1093934&end=20140627105041&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=YY&trade=1093934&end=20140627121941&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=YY&trade=1093934&end=20140627160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=YY&trade=1093934&end=20140727&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jmos_BOWS

2014-07-01 08:11:36

Quite a few of your set ups are based on the 30mns charts but your risk is based on the 5mns. Maybe I am wrong but if you base your entry on the 30mns, should you give it more room and base your risk on the 30mns as well? I find that you have the right idea based on the chart you are looking at but you get stopped out on the roll overs.

Markmandy54

2014-07-01 08:15:31

I try to have Daily, 30, and intra line up and trade off the 5 and put the stop according to the 5 which most times coincides with the 30 however you're spot on as in my review of many of my trades last month i notice i stopped on the 30 minute support. Need to take smaller shares with wider stop.

YY Trade on Jun 27, 2014 09:43 from Markmandy54: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax