MAS Trade on Jul 29, 2014 10:57 from Kelly-Ann_BOWS: Tradervue User Stock Trades.

biggest loss of the day.

think I know what I did wrong here...

1) prior resistance was on the daily chart.

2) since the chart was so extended it would need more time to consolidate, so I bought too early.

am I correct?

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-07-29 10:57:03	MAS	buy	$22.330	long
2014-07-29 11:05:46	MAS	sell	$22.210	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MAS&trade=1214286&end=20140828&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MAS&trade=1214286&end=20140729133046&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MAS&trade=1214286&end=20140729160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MAS&trade=1214286&end=20140729123246&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-07-29 17:50:01

Not a bad attempt, but it needed to get back over $22.40 as that was a level of resistance. Risk was managed good here.

MAS Trade on Jul 29, 2014 10:57 from Kelly-Ann_BOWS: Tradervue User Stock Trades.

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