IMPV Trade on Oct 31, 2014 13:07 from Mari_BOWS: Tradervue User Stock Trades.

Setup on daily: Earnings Breakout
Setup intraday: Day-long Consolidation
Reasons to enter: price close above 9EMA, curling up.
Concerns: none.
Stop: $40.35 - right under 9EMA.
First target: $41.55 - not a reasonable target.
R/R 2:1

Looking forward to comments on why this didn't break out and broke down instead. Thanks!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-10-31 13:07:00	IMPV	buy	$40.750	long
2014-10-31 13:15:00	IMPV	sell	$40.160	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=IMPV&trade=1536533&end=20141130&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=IMPV&trade=1536533&end=20141031160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=IMPV&trade=1536533&end=20141031160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=IMPV&trade=1536533&end=20141031160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

tombro

2014-10-31 21:20:42

As to why this didn't break out...well the easy answer would be...because there were more sellers. Maybe the candle wicks around the open and 11:30 above 41 (and that it couldn't make it to 41 at 1pm), plus the volume declining on the 11:30 and especially 1pm attempts may have hinted at a lack of future follow thru? Good Luck!

Sayed

2014-11-02 10:08:15

Setup was good. Sometimes they just don't work as there are no sure things in market. Key is risk vs. reward and trade management which you did well.

IMPV Trade on Oct 31, 2014 13:07 from Mari_BOWS: Tradervue User Stock Trades.

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