Shared by
Driver42_BOWS
One of the Bulls Swing positions.
I bought into this after the price had bounced off the 50ma on the daily.
It was a long time before it cleared resistance as it bull flagged above the 9ema.
I bought at the bottom of the flag for a better price just as it then dropped through the trendline that had been in place from the low of the day and price dropped through the 9ema, 20ma and vwap at the same time with double the volume of the most recent candles and then even more volume on the next.
There was support under it though at the 50ma on the 5min chart, 50ma on the 15min chart.
Timing has not been very good today.
Price bounced off support and even put me into profit for a little while and then plummeted down through my stop on much larger volume again.
I should have heeded the warning when I got back to profit and saw it was on low volume compared to the down candles.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-13 14:03:29 | UCO | buy | $8.130 | long |
| 2015-04-13 14:28:08 | UCO | sell | $8.050 | 0 |
Comments
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30 cents range for an 8$ stocks not worth it for me. Also I don't see a pattern and you should try to trade from 9:30 to 11:30 trading in the afternoon is to be avoided when you don't have enough experience. Stocks get thin and they can drop 15 cents on you pretty quick.To me this is not in play, not worth trading