MRIN Trade on Oct 26, 2020 10:49 from Mance_Trader: Tradervue User Stock Trades.

Gravatar

Shared by
Mance_Trader

 

Conclusions:
- Mind the Opening Price Action, it can have an effect all day
- Weakness in the Buildup Indicates Consolidation in the Rebound

Action:
Bought 5 min Bull Flag HoH $3.96, Stop to Low of Pullback $3.71, FPT $4.20
Stopped Out

Analysis:
Weak Buildup, Topping Tail at the End of the Buildup, Also, Indecisive Red Candle on Decent Volume in the Buildup
Price had the opening Positive Move Completely Negated by a Negative Move on Lower Volume, even though this had low volume, this was a sign of weakness


Execution detail:

Date/time Symbol Side Price Position
2020-10-26 10:49:00 MRIN buy $3.970 long
2020-10-26 10:49:00 MRIN buy $3.970 long
2020-10-26 10:49:00 MRIN buy $3.970 long
2020-10-26 10:49:01 MRIN buy $3.970 long
2020-10-26 10:59:51 MRIN sell $3.700 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in