Shared by
firesky_BOWS
SWING POSITION:
Looked like a bull flag inside another bull flag on the daily. Also a flat-top breakout going back to Feb 2014.
Entry is at the bottom of the "inner" flag at 11.80 with a stop placed at 11.71, 0.02 lower than the flag low. Initial target is 12.02 (flag high) for a 2.4 R/R. Second target is at 12.25.
7/24/2014: Took profits. Remaining is lotto as the breakout of the flag still has not happened. If the price move back down I'll buy back in. Moved current stop to buy price of 11.80.
7/25/2014: Gapped down on open past my stop. The flag pattern broke down, moving on.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-07-21 12:15:00 | AHT | buy | $11.800 | long |
| 2014-07-24 09:49:00 | AHT | sell | $12.010 | long |
| 2014-07-25 09:30:00 | AHT | sell | $11.740 | 0 |
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