NUS Trade on Aug 18, 2014 09:31 from firesky_BOWS: Tradervue User Stock Trades.

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firesky_BOWS

 

SHORT SWING POSITION: Noticed a bear flag forming on the daily and the 30min charts. The stock just had a solid up +3.2% day bringing the price right up near the flag top. Bought in at open with a stop placed just above the high of the flag at $52.03. My first target is the flag low so I'm putting a target just above it at $44.15. My second target is at $38.10, just above another price support. This gives me a 4.1 and a 7.9 R/R respectively.

8/29/2014: Hit my first target of $44.15. Out half of my position. Also lowering my stop to just above the 20day SMA -- $48.26.

9/17/2014: Had moved my stop previously to 43.01 a week or so ago, and it hit today. All out. Probably should of taken more profits on this when I had it, or placed the stop above the 20SMA, but still a good trade all in all.


Execution detail:

Date/time Symbol Side Price Position
2014-08-18 09:31:00 NUS sell $50.470 short
2014-08-29 11:20:00 NUS buy $44.150 short
2014-09-17 13:30:00 NUS buy $43.010 0


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