ICLD Trade on May 11, 2015 10:14 from tee: Tradervue User Stock Trades.

Day Chart: flag break, continued upside

Buy: 2 candle flag, would be flag #2 of the morning

Sell: raise stop. Stock spiked .21 from entry within 2 candles but an equally powerful red flush candle broke earlier candle low at 4.63 and went straight through 4.56 stop.

Lesson: could have used a hard stop under low of last candle to avoid big flushes. I anticipated a move just approximately as strong as the last flag pole or at least that it would go sideways where I could then sell. If I look at day chart, I could see a 4.75 pivot area for short-term resistance. Need to be more prepared with targets and resistance areas.