AHT Trade on Jul 29, 2014 09:35 from firesky_BOWS: Tradervue User Stock Trades.

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firesky_BOWS

 

LONG SWING POSITION:
Back in this trade for the bull flag set-up again (or call it a flat top breakout), but this time I'm looking at the larger bull flag. The stochastics are pointing to an oversold position and the price is on a support level. My entry was as close to the support level I could get at 11.71. My stop is just below a flag base I've drawn at 11.63 and my first target is near the highs of the flag at 11.98. This gives me a 3.4 R/R.

7/30/2014: This is frustrating. Broke down the trendline support I had drawn going back to the beginning of July. Stopped out. Looking back on it, that wasn't a great flag supporting trendline.

8/1/2014: Well I don't have a position in the trade anymore, but had I entered around the low of the flag I mentioned earlier (11.50) with a modest stop below, I could have seen my target hit before the price pulled back. :|


Execution detail:

Date/time Symbol Side Price Position
2014-07-29 09:35:00 AHT buy $11.710 long
2014-07-30 10:40:00 AHT sell $11.630 0


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