AEL Trade on Oct 29, 2014 15:54 from firesky_BOWS: Tradervue User Stock Trades.

SHORT SWING POSITION: This stock seems to trade within a very defined range this year so I'm leveraging that fact here. I got in pretty close to $25.25 strong resistance. After a large number of consecutive up days, I've entered near strong resistance. The stochastics indicate very overbought conditions. My stop is placed above resistance with some cushion at $25.53. My targets are the 100day SMA, 200day SMA, and the wedge support line. Currently those corresponding R/R values are 2.8, 3.8, and 6.2 respectively.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-10-29 15:54:00	AEL	sell	$25.040	short
2014-10-30 12:35:00	AEL	buy	$25.530	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AEL&trade=1533605&end=20141129&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AEL&trade=1533605&end=20141030160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2014-10-31 21:20:12

I like the idea of this trade doing a rubber band tray but get some confirmation on a smaller timeframe like a 30 minute chart or something like that look for clues that a rollover is happening

firesky_BOWS

2014-11-17 20:09:59

Thanks for the feedback. I absolutely plan on doing that from now on. I've gotten burned on entering a trade that just looks great on one timeframe for the last time.

AEL Trade on Oct 29, 2014 15:54 from firesky_BOWS: Tradervue User Stock Trades.

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