ISIS Trade on Apr 29, 2015 13:44 from Driver42_BOWS: Tradervue User Stock Trades.

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Driver42_BOWS

 

After making a lower low and price moved up through the 9ema and 20ema I went long as the market was making a big move to the long side. Entered at 59.23 as price broke the trendline fro point number 2.
Placed my stop under second low at 58.70
This would be a full stop out if triggered. I normally keep it much tighter but have to allow some room for a retest of the 20ma at 58.80.
The market saw some crazy action soon after, with a few stocks flipping up and down wildly.
ISIS which is usually one to go crazy seemed kind of stable, if against me, for a while.
Set a target at 59.6 which was the vwap and 15min 20ma
Target one hit and moved stop to break even.
Target two is the 15min 50ma at 59.90.
Price reached 59.84, at which point the 15mn 50ma had moved down to 59.85.
If I had been keeping a watch on it I would have set the target a little under that and been out with some more.
Exited at 59.53 as price has broken trendline


Execution detail:

Date/time Symbol Side Price Position
2015-04-29 13:44:22 ISIS buy $59.230 long
2015-04-29 13:44:23 ISIS buy $59.230 long
2015-04-29 14:43:44 ISIS sell $59.600 long
2015-04-29 15:33:14 ISIS sell $59.530 0


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