Shared by
pstark89
Shares were flagging but my entry was too high. Should have bought it closer to ma's.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-02-11 14:15:34 | FSLR | buy | $49.010 | long |
| 2015-02-11 14:41:46 | FSLR | sell | $49.300 | long |
| 2015-02-11 14:43:39 | FSLR | sell | $49.350 | long |
| 2015-02-11 14:44:53 | FSLR | sell | $49.500 | long |
| 2015-02-11 15:06:07 | FSLR | sell | $49.210 | 0 |
Comments
pstark89
Understood. I noticed that you reference 1 minute charts a lot. Do you trade off of those or just use them as entry/exit references? I always found them too noisy but I definitely see your observations when I look at them.
im2p
The one min. or two min chart when aligned with the 5 min chart can help you to really refine your entry. The lower min. charts often tell a story before the larger min charts. What you want to do is make sure that all charts are talking to each other because people play different time frames. The 5 min is used for the setup, the one min helps you to get best entry, the 60 min chart and the daily will help show you support and resistance. Learn how to use all the charts to increase your level of success.
If a one min chart is sloppy, I often won't play those charts. Just good clean charts. This will also help to limit the number of charts you watch. But if you can learn to play those charts, which some people have mastered, kudos!
Thanks so much. Makes all the sense in the world. I'm still switching around my layout to get maximum visibility.
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This stock is pretty whippy! If you can avoid these stocks do so at all cost. They can be painful to play, lucrative, but painful. Look at the stock on the 1 min. You see how it just whips around. It's tough to line-up an entry on the 5 min and the 1 min at the same time because the 1 min is up, up down, up, down, up, down. But if you were going to play this: You see that hammer at 1:50. It was bearish and then all of sudden the bulls came in creating the hammer and the higher lower. Now go to the one min at 1:55 you see that white doji/hammer. Buy right above that at 48.87. Notice that's the same price above the 5 min hammer. That's your entry. That long range green candle with increase volume and the red hangman at 2:45. Signs the move is over. Now it could fall and bounce and go higher but since it's at the end of day and it's been since the run-up - probably not!