Shared by
RalphAulov_BOWS
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-06 09:58:22 | HLF | buy | $46.440 | long |
| 2015-05-06 09:58:22 | HLF | buy | $46.440 | long |
| 2015-05-06 10:13:05 | HLF | sell | $46.030 | long |
| 2015-05-06 10:13:05 | HLF | sell | $46.030 | 0 |
| 2015-05-06 10:15:46 | HLF | buy | $46.440 | long |
| 2015-05-06 10:18:35 | HLF | sell | $46.020 | 0 |
| 2015-05-06 10:35:14 | HLF | buy | $46.490 | long |
| 2015-05-06 10:59:32 | HLF | sell | $46.030 | 0 |
Comments
LPeriman_BOWS
Good try on this daylong consolidation. Maybe you bought just a little bit high, but not too much. Only thing that could have been better is to have the stop in the correct place. It seems that on each stop out, you stopped out to the penny below the previous low in the consolidation. Especially when the whole number support was a mere couple pennies below your stop. In my opinion, the stop should have been below low of day, or at least below consolidation range with a little bit of room (like 45.90ish)
Driver42_BOWS
RalphAulov_BOWS
Thank you guys. I see that my stop should have been lower but isn't it a bull flag (tripple tapper)? I'm not understanding why I got in high. The last flag went my way but I got emotional and I made my target HOD and didnt even scale out
Yes, it looks like a good bull flag to me except there was a big red volume candle at 09.45am, Price did not break out on volume.
Remember that a flag is a pattern/setup, just because it worked last time does not mean it will work every time
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It looks as if you are trying to play a breakout.
Until price breaks the high it is not a breakout.
There is a nice flag that formed later though, and has just taken off as I type this.
Buying the pullback at the 20/50mas around the 46 - 46.20 area would have been better. A lower entry price/ not so far to go for a stop out.