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handycandi_BOWS
Bought when passed VWAP just after breaking flag (2-min chart). After questioning my logic when it bounced down immediately, I decided 5-min chart looked like it was still consolidating, so set stop under 20SMA (2-min) to give it a little room. Sold half into spike, moved stop to buy price. Sold another fourth into spike; going to move stop so it follows a few cents under VWAP. Bought more shares when it flagged again; moved stop to under 9EMA when it passed above VWAP. Stopped out. Then it pulled back to VWAP on 2-min and 5-min charts and started consolidating between the trendline I drew and VWAP. Watching for new entry on break of flag.
Bought again on break of flag, with stop below trendline. Sold half into spike; moved stop to buy price. Sold another fourth into next spike. Moved stop to stay under 9EMA because it was so much higher than my buy price. Sold another eighth into spike. Stopped out.
Was watching for another flag, so missed pullback to 20SMA on 2-min (10:26 candle) which coincided with pullback to 9EMA on 5-min.
This is where I drew my flag trendlines:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-25 09:43:05 | VBLT | buy | $6.640 | long |
| 2015-03-25 09:47:37 | VBLT | sell | $6.770 | long |
| 2015-03-25 09:48:35 | VBLT | sell | $7.040 | long |
| 2015-03-25 09:54:52 | VBLT | buy | $6.930 | long |
| 2015-03-25 09:57:58 | VBLT | sell | $6.780 | 0 |
| 2015-03-25 10:02:54 | VBLT | buy | $6.940 | long |
| 2015-03-25 10:04:08 | VBLT | sell | $7.130 | long |
| 2015-03-25 10:07:11 | VBLT | sell | $7.250 | long |
| 2015-03-25 10:16:11 | VBLT | sell | $7.400 | long |
| 2015-03-25 10:25:03 | VBLT | sell | $7.240 | 0 |
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