SNCR Trade on Aug 5, 2014 09:31 from firesky_BOWS: Tradervue User Stock Trades.

LONG SWING POSITION: This was meant to be a swing position, but it broke up through resistance pretty quickly so profits were taken. I saw a bull flag forming with a tight trading range and solid support with decreasing volume. It just looked like a BEAUTIFUL flag set-up. Buying volume was slightly higher than selling volume as well. Stochastics were overbought but the price returned to within the Bollinger bands so I went in. Entry was at $39.57 (I was looking for near the low of the day before) and I placed my stop at $38.98, below the support line and the nice $39.00 number. First target was just below the high of the flag at $41.35 for a 3.0 R/R. That target was reached and profits were taken. I didn't really have a second target in mind and since I can't watch the market during the day, I'm just going to move my stop up to the breakout point of $40.32 and I'll see what happens.

08/06/2014: Gapped down an hit my stop pretty quickly. All out here.