OREX Trade on Nov 11, 2014 09:46 from amd2709BOWS: Tradervue User Stock Trades.

Max Order Qty 700
Symbol orex
Setup orbd
Price Tnd, Agmt dec 2
Support $4.60
Resistance $5.00
Volume low
Stochastics 18dec
News

Concerns, Comments 5m s4.85
Order Price $4.88
Stop Loss $5.03
Target Price $4.58
planned for it to fade, saw it wasn't and stayed in it to max stop loss. should have cut my losses quicker. 30m s4.85 held. sl too wide for realistic 1st target @ 2:1.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-11-11 09:46:47	OREX	sell	$4.880	short
2014-11-11 09:46:47	OREX	sell	$4.880	short
2014-11-11 09:46:47	OREX	sell	$4.880	short
2014-11-11 09:46:47	OREX	sell	$4.880	short
2014-11-11 09:46:47	OREX	sell	$4.880	short
2014-11-11 09:46:49	OREX	sell	$4.880	short
2014-11-11 09:46:51	OREX	sell	$4.880	short
2014-11-11 09:46:51	OREX	sell	$4.880	short
2014-11-11 09:46:51	OREX	sell	$4.880	short
2014-11-11 10:32:54	OREX	buy	$5.030	short
2014-11-11 10:32:54	OREX	buy	$5.040	short
2014-11-11 10:32:54	OREX	buy	$5.030	short
2014-11-11 10:32:54	OREX	buy	$5.040	short
2014-11-11 10:32:54	OREX	buy	$5.030	short
2014-11-11 10:32:54	OREX	buy	$5.040	short
2014-11-11 10:32:54	OREX	buy	$5.040	short
2014-11-11 10:32:54	OREX	buy	$5.030	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=OREX&trade=1556657&end=20141111124754&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=OREX&trade=1556657&end=20141211&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=OREX&trade=1556657&end=20141111160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=OREX&trade=1556657&end=20141111104754&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

pstark89

2014-11-12 08:16:18

Entry was overextended. Try to find your entries where there is consolidation one way or the other. Once something has two or three candles in one direction, you are usually playing with fire on an entry. Better to miss the trade and move to the next instead of chasing. Just my two cents.

amd2709BOWS

2014-11-14 01:40:40

Thanks! good tip about the three candles in one direction.

OREX Trade on Nov 11, 2014 09:46 from amd2709BOWS: Tradervue User Stock Trades.

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