Shared by
Driver42_BOWS
Bought on a dip to the 9ema after a brief break of the flat top of the bull flag
I should have exited on break of the trend line when there was no more volume coming in
Instead I waited and got stopped out
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-29 15:10:29 | ADXS | buy | $20.020 | long |
| 2015-04-29 15:28:28 | ADXS | sell | $19.880 | long |
| 2015-04-29 15:28:28 | ADXS | sell | $19.880 | long |
| 2015-04-29 15:28:28 | ADXS | sell | $19.880 | long |
| 2015-04-29 15:28:31 | ADXS | sell | $19.880 | 0 |
Comments
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Here is a great example of a short term trend reversal indicator and I'll tell you why I think so. Anytime it's trending up and the stock fails to make a higher higher and makes a lower high instead, that is typically a short term trend reversal and is a short entry. Sure enough, as soon as this stock made a lower high, it changed direction and went back down. One thing I'm learning is that it is EXTREMELY important of to be aware of the highs and lows, this can be an early warning system as well. Also, there was the trend line that I believe you pointed out, as soon as price broke down below that trendline that's a short signal. This would have been a great trade if it was reversed. That being said I am just another student learning along with you so take it with a grain of salt;)