Was watching this for a pop on the daily flag. It has been holding over the 2.75 area, with daily pop and fade. Entered on a loose flag early with a stop at previous close. Set a target for half, and put a stop after that under the 9 EMA.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-03 09:47:26 | RADA | buy | $2.910 | long |
2014-10-03 09:47:27 | RADA | buy | $2.910 | long |
2014-10-03 09:47:37 | RADA | buy | $2.910 | long |
2014-10-03 09:47:37 | RADA | buy | $2.900 | long |
2014-10-03 09:57:57 | RADA | sell | $3.230 | long |
2014-10-03 09:57:57 | RADA | sell | $3.230 | long |
2014-10-03 09:57:57 | RADA | sell | $3.230 | long |
2014-10-03 10:21:41 | RADA | sell | $3.060 | 0 |
History of pop and fade. On the daily you can see the large top wicks most days. That indicated to me that it is moving with a reasonable range everyday, but not holding it. I did notice the diminishing volume on the daily from the previous monday. I thought that was probably a good sign.
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Great trade! Did you use volume as an indicator or just its history of early pops and fades?