Z Trade on Aug 20, 2014 10:16 from handycandi_BOWS: Tradervue User Stock Trades.

On daily chart, was bouncing between the 20SMA and 50SMA, so I knew to stay between those levels. Bought long when broke flag on intraday chart, with stop under line of flag at 141.66, and target of $142.40, just under daily 20SMA resistance. It got really close, then dropped. Stopped out. Should I have put my target not so close to resistance?

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-08-20 10:16:39	Z	buy	$141.890	long
2014-08-20 10:23:10	Z	sell	$141.750	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=Z&trade=1270432&end=20140820125310&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=Z&trade=1270432&end=20140820112110&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=Z&trade=1270432&end=20140919&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-08-20 15:58:52

There was no setup to buy there. The big move already happened. Have to let the stock base a bit and the ema's catch up before determining an entry.

Z Trade on Aug 20, 2014 10:16 from handycandi_BOWS: Tradervue User Stock Trades.

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