SAAS Trade on Feb 25, 2015 10:51 from firesky_BOWS: Tradervue User Stock Trades.

SHORT SWING POSITION: First trade back since my vacation! Looking for a rubberband snapback on both the daily and the weekly as the 2/23 candle is outside of the upper bollinger band, the 2/24 candle is reminiscent of a shooting star giving confirmation, stochastics are overbought and nearing a trigger crossover, and 2/24 selling volume was strong. Looking for entrance at $11.24 (2/23's open) and placing a stop at $11.76, above the 2/23 high. Targets are $10.51 and $10.02 with R/R's of 1.4 and 2.3 respectively.

2/27/2015: Trade didn't go as expected but I'm still learning the finer aspects of rubberband snapbacks. All out at $11.67 (new stop as 2/26 candle showed weakness).