Shared by
pstark89
Whats the Setup: First one was a Bear Flag into 20 ema. Second one was brushing against resistance on the down trend line with very tiny candles that couldn't penetrate and it was overbought.
Where are EMA's: Below
EMA's-Direction & details: Flat to down
Time Frame Alignment: Yes
Volume: Heavy
Market action: Higher
Stop: 113.50 on first and 114 on second
Target: 112.2 on first and 110.75 on second
R/R: 2:1
Reasons for exits: Was holding the ema's on the first. Second one had to pick up my son from school so couldn't hold but wish I would have.
Notes:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-20 12:57:55 | ESPR | sell | $113.000 | short |
| 2015-03-20 13:09:33 | ESPR | buy | $112.470 | 0 |
| 2015-03-20 14:06:17 | ESPR | sell | $113.620 | short |
| 2015-03-20 14:11:28 | ESPR | buy | $113.200 | 0 |
Comments
gregr
nicholas, that was a private trade link in your comment...the public link for your shared trade is:
kunal00
these are good entries my preference is you personally dont trade stocks like this.. you at times get very skittish and the spread and the liquidity on this can really make for some emotional trading as the bid/ask spread widens to 75 cents at times.. u want ot put ur self in good positons where the thngs that get u off track u minimize them. i like the idea and the entries but the vehicle selection i suspect will get u sometimes on a stock like this
pstark89
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i also traded this. your setup was different compare with mine.
my setup mainly due to r/g move, which failed.
then, 2nd trade go long.
here is mine.
https://www.tradervue.com/trades/2094874