DNR Trade on Apr 17, 2015 09:40 from swinging_long: Tradervue User Stock Trades.

The stock gapped down but had a flag forming the previous day. As it held the lows and thrusted upward, I though the stock could go r/g and break the previous day's high. As far as a BOWS setup, the only setup that can be seen is an opening range break on the 5m candle but it broke in the opposite direction of the gap with the MA's above. Had I caught this below .30, I may have been able to scalp a quick gain but that's about it.

Things to take from this trade.

1. Trade with the trend. Price was below the MA's and the stock gapped down so I should have been looking for short plays.
2. Good risk management. Kept my stop tight and right below the support level. Good exit.