ISIS Trade on Mar 19, 2015 15:13 from pstark89: Tradervue User Stock Trades.

Whats the Setup: Lower lows and broke the up trend line on the day
Where are EMA's: Above the price
EMA's-Direction & details: sloping down
Time Frame Alignment: Yes on 5 min and 2 min. Not 15 min
Volume: Heavy
Market action: Lower but biotechs hot
Stop: 77.40
Target: 76.75
R/R: 3:1
Are Stop/Target proper: Yes
Reasons for exits: Trading way too scared
Notes:

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-03-19 15:13:01	ISIS	sell	$77.310	short
2015-03-19 15:15:55	ISIS	buy	$77.230	short
2015-03-19 15:17:04	ISIS	buy	$77.375	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ISIS&trade=2076009&end=20150418&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ISIS&trade=2076009&end=20150319160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2015-03-19 20:25:01

I agree that you could have gotten a bit more out of this, but frankly, I don't see a setup for entry. Your setup says lower lows and trendline break. Which I agree, but is that a short setup, or just one clue to a short setup? Hmm... I must ponder this more. Thanks for sharing.

pstark89

2015-03-20 08:15:49

This wasn't my best choice of trades. I love this stock (outside of the symbol of course) but it was overextended intraday, it broke the uptrend line for the day and so did most of the biotechs that time of day. I thought I'd give it a shot but probably should have left well enough alone.

ISIS Trade on Mar 19, 2015 15:13 from pstark89: Tradervue User Stock Trades.

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