Shared by
handycandi_BOWS
Bought long when tapped against flag trendline a third time and rose above it, with stop just below trendline. Stopped out. (Should have bought when it passed VWAP at same time on 5-min and 2-min charts. How can I see this next time?)
Got in again when I saw it was consolidating, because I was sure I was right and that my stop was just too close; set stop below VWAP. Sold half into spike; moved stop to buy price on second half. Sold another fourth into spike. Sold another eighth into spike; moving stop up so it stays under 9EMA. Didn't recognize next buy spot (pullback to 9EMA?) or I'd have bought more! Stopped out on last portion.
Here is where I drew my trendline:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-23 10:07:55 | DVAX | buy | $24.050 | long |
| 2015-03-23 10:11:55 | DVAX | sell | $23.970 | 0 |
| 2015-03-23 10:13:19 | DVAX | buy | $24.030 | long |
| 2015-03-23 10:16:53 | DVAX | sell | $24.170 | long |
| 2015-03-23 10:19:30 | DVAX | sell | $24.310 | long |
| 2015-03-23 10:19:56 | DVAX | sell | $24.410 | long |
| 2015-03-23 10:41:25 | DVAX | sell | $24.420 | 0 |
Comments
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it worked but it was a big chase