NVGN Trade on Apr 9, 2015 09:35 from handycandi_BOWS: Tradervue User Stock Trades.

Bought long on flag break on 2-min and 5-min charts. Price reversed immediately, before I had my hard stop in place. Stopped out, but way too late; went past my max loss per trade.

Experiencing lower lows and lower highs, red volume bars are higher than green ones. Gapped up, so thought the price would rise. Lesson learned! Watching for potential short. Tried to short when broke flag downward, but not available in thinkorswim.

This is where I drew my trendline:

http://www.screencast.com/t/aY6IfjfoGZo9

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-04-09 09:35:20	NVGN	buy	$6.720	long
2015-04-09 09:37:07	NVGN	sell	$6.280	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NVGN&trade=2346047&end=20150409120707&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NVGN&trade=2346047&end=20150409103707&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NVGN&trade=2346047&end=20150509&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2015-04-14 15:20:32

that my friend is not a flag.. a flag will literally look slike a flag.

handycandi_BOWS

2015-04-20 14:28:13

Kunal, I added a link to a pic showing what I was looking at above. It looked like a pre-market multi-tap to me, and right after the open, the price rose above the trendline with strong volume. At the time I bought, that huge red candle was green, just rising above the trendline, and the price was above the VWAP and the MAs, and stochastics were right in the center.

NVGN Trade on Apr 9, 2015 09:35 from handycandi_BOWS: Tradervue User Stock Trades.

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