RGLS Trade on Oct 28, 2014 10:51 from Mari_BOWS: Tradervue User Stock Trades.

Followed rules, lost. The R/R was poor though.

Setup on daily: Rubber-band. Overbought.
Setup intraday: Bear Flag.
Reasons to enter: close to 9EMA and other moving averages.
Concerns: I missed the first run-down.
Stop: $17.20
First target: $16.67
R/R 1:1 - not good.

While I was in the trade, there seemed to be a Double Bottom forming. Indeed there was. I think in cases like this I should exit sooner and not wait until my stop loss gets hit, but how do I know that it's no longer a Bear Flag before it breaks out?
Looks like there are two Double Bottoms in this. One smaller inside the bigger one.

Two other similar trades in RGLS:

https://www.tradervue.com/shared/trades/1529982

and

https://www.tradervue.com/shared/trades/1534696

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-10-28 10:51:00	RGLS	sell	$16.950	short
2014-10-28 11:20:00	RGLS	buy	$17.100	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=RGLS&trade=1531122&end=20141127&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=RGLS&trade=1531122&end=20141028134000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=RGLS&trade=1531122&end=20141028160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=RGLS&trade=1531122&end=20141028160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2014-10-31 22:47:15

To be honest I don't think I see a bear flag here I just see something that went down and then went sideways for one candle and you shorted it

RGLS Trade on Oct 28, 2014 10:51 from Mari_BOWS: Tradervue User Stock Trades.

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