DRL Trade on Aug 22, 2014 12:25 from leahcimTrades: Tradervue User Stock Trades.

It was the peak of a flag, with low risk. I was watching it in the morning and should have bought at the taps of 8, but was busy watching another trade and missed the good entry. Still it was good risk/reward so no regrets and respected my stop.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-08-22 12:25:47	DRL	buy	$8.500	long
2014-08-22 12:30:44	DRL	sell	$8.320	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=DRL&trade=1274433&end=20140921&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=DRL&trade=1274433&end=20140822160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=DRL&trade=1274433&end=20140822125844&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

ckz8780

2014-08-23 14:24:21

Usually have a big rip like this (7.60 to 9.00 or over 18%) these will need at least a couple hours to consolidate. When I see this I almost always wait til late afternoon for the play.

Nape_BOWS

2014-08-24 09:40:14

Notice Price action and the volume pattern; big change from the open. Ideally you want it to base and start to round up creating higher lowers to determine an entry.

DRL Trade on Aug 22, 2014 12:25 from leahcimTrades: Tradervue User Stock Trades.

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