Shared by
jschrager23_BOWS
shorted on lower highs on second trade shorted into the bear flag
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-07-24 13:00:29 | UA | sell | $69.593 | short |
| 2014-07-24 13:09:59 | UA | buy | $69.350 | short |
| 2014-07-24 13:15:10 | UA | buy | $69.190 | 0 |
| 2014-07-24 14:11:01 | UA | sell | $68.730 | short |
| 2014-07-24 15:05:57 | UA | buy | $68.110 | 0 |
Comments
jschrager23_BOWS
yeah I use the 1min chart till around 10:15 or so and then I switch to the 3min. The reason I do this is that I use the higher timeframe as my "trading" timeframe and the 1min as my precise entry timeframe. I think using the 5min would be too much of a higher TF as opposed to the 3min. I also think 5min is a little too slow for my taste. Depends how you are trading of course
Gena_BOWS
Okay makes sense. thanks. Yes, I find the 5min too slow also, but it does tend to give a better look/feel to the overall chart (less choppy looking) But I also look at the 15min chart for the smoothness also - to see the overall trend better. But for more detailed entries and precision, the smaller charts are better for that. Thanks for the info Jon. I can't wait til you go live, I want to see how you do then too! I think you are going to be a rock star at this!
I am going to be a rock star....maybe not right away lol but with time I will! and then I will open Schrager bulls and butts chat room lol!
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lovely entry, and am very happy you practiced the partial exit on that first one :-) That second trade had a perfect exit man! Wow, you rocked this one! Question - looks like you are still using the 3min chart (versus 5min) even in the afternoon. Does that work well for you?