FB Trade on Aug 13, 2014 15:28 from youngcb1_BOWS: Tradervue User Stock Trades.

Daily: Curling up/Flag but watch for a possible bear flag as well.

Intraday: In the attempt to redeem myself after accidently longing this stock, I entered as a short. I chased this stock a bit but it was well under the 20 and 9 EMA so I figured I had enough time to take some small profits. Scaled a portion @$73.66 mark. I thought the stock was going to develop a bear flag and continue to move downwards. But it ended up bear flagging, only to drop down and hold around the area where I previously covered some profits. Once I noticed that it was holding @ $73.65 range I exited and soon enough the candle turned green and changed direction. The lessoned learned is that I need to be careful with taking a chance by chasing this stock out of redemption. Allowing a setup can improve my r/r ratio and case building.