TRUE Trade on Aug 13, 2014 10:42 from handycandi_BOWS: Tradervue User Stock Trades.

Stock has had five taps on trend line since 7 June on daily chart, and finally broke it yesterday at $14.73... so today I was watching for any intraday setup over $15.89, where it has tapped twice now. At 10:40, I bought when it appeared to be breaking a four-candle flag, setting my stop just below the top of the flag at $16.42, and a first target at the recent high of $16.89. I then blew past my stop without activating it, so I had to sell manually, losing more than I intended; since it is still looking good for this setup, I'm thinking my trendline was just a little off and I jumped the gun. I'll continue watching for a good intraday pattern.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-08-13 10:42:24	TRUE	buy	$16.470	long
2014-08-13 10:44:39	TRUE	sell	$16.340	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TRUE&trade=1243206&end=20140813131439&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TRUE&trade=1243206&end=20140813114439&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TRUE&trade=1243206&end=20140912&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-08-13 17:00:59

No setup on entry. It tap 16.50 twice and rolled over which is a double top pattern to short it. If it would have base right there around 16.50 then broke loose on a triple tap pattern the setup would have been good.

handycandi_BOWS

2014-08-13 17:18:30

OK, an upside-down W. That makes sense.

TRUE Trade on Aug 13, 2014 10:42 from handycandi_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax