S Trade on Nov 4, 2014 10:26 from Mari_BOWS: Tradervue User Stock Trades.

I'm proud of this trade, although it was flat/small loss. I was expecting a breakdown, but instead the price started consolidating. This pattern was familiar to me from RGLS trades and I got out. Also the high buying volume was a sign.

Setup on daily: Earnings Breakdown
Setup intraday: Bear Flag
Reasons to enter: price pulled back to 9EMA and started breaking down.
Concerns: strong volume on pullback.
Stop: $5.11 - above 9EMA.
First target: $4.86 - previous low.
R/R < 2:1 - not good!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-11-04 10:26:00	S	sell	$5.010	short
2014-11-04 10:41:00	S	buy	$5.020	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=S&trade=1544560&end=20141204&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=S&trade=1544560&end=20141104130600&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=S&trade=1544560&end=20141104160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=S&trade=1544560&end=20141104160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

S Trade on Nov 4, 2014 10:26 from Mari_BOWS: Tradervue User Stock Trades.

Leave a comment about this trade!

Editor syntax