Shared by
eliezer_BOWS
This looked like a flag with a long consolidation. I thought it would break out, but sold as soon as it started to show a break downward. It actually turned out to be bear flag. Did I read it wrong?
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-08-11 12:41:25 | WBMD | buy | $48.480 | long |
| 2014-08-11 12:56:18 | WBMD | sell | $48.370 | 0 |
Comments
Mari_BOWS
Is the daily chart where you saw the flag? It doesn't look like a flag to me. I wouldn't have traded it. Then again, if you do a Google image seach for "flag pattern", you get similar examples. I guess I prefer to trade what Google image search results call "pennants" or "triangles". I don't see a real setup either and even if you wanted to trade it, the stop would have been somewhere between $46 and $47 based on the daily chart, because that's where the support is. I wouldn't have traded it, because it doesn't even look sure enough to hold the support. Skip such messy charts in the future and only trade when you see beautiful setups. I hope it made sense.
Kelly-Ann_BOWS
Looks to me like you bought at the short point of the bear flag break spot.
kunal00
THE MAIN REASON THIS DIDNT GO!
anytime that first candle gets com[letely faded right at the open... huge candle and it gets faded all bounces get shorted...it will be stuck all day or tank later but no longs
LOOK AT MNKD TODAY OR KMR OR KMI also same setup
eliezer_BOWS
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Post trades under "bowsreview" tag. one word. There was no setup on daily and also when the fade at open like that, there are no long setups.