ESI Trade on Oct 22, 2014 10:04 from Mari_BOWS: Tradervue User Stock Trades.

Followed rules, profit.

Setup on daily: second day of Rubber-band Snap-back.
Setup intraday: Bear Flag
Reasons to enter: price was pulling back to 9EMA. I shorted as the price broke down below the VWAP/Bear Flag.
Concerns: Stochastics are extremely oversold (around 5) on 30-minute time frame.

Stop: $10.20 above VWAP.
First target: $9.80 I didn't have a good reason why I picked this target. It just seemed realistic, because Bear Flags tend to break lows.
R/R 1:1 not good.

I had to cover the last third of the position, because I had to leave. Too bad...

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-10-22 10:04:00	ESI	sell	$10.000	short
2014-10-22 10:52:00	ESI	buy	$9.720	short
2014-10-22 11:05:00	ESI	buy	$9.570	short
2014-10-22 11:58:00	ESI	buy	$9.540	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ESI&trade=1507436&end=20141121&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ESI&trade=1507436&end=20141022134800&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ESI&trade=1507436&end=20141022160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ESI&trade=1507436&end=20141022160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

ESI Trade on Oct 22, 2014 10:04 from Mari_BOWS: Tradervue User Stock Trades.

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