SDRL Trade on May 13, 2015 11:14 from tee: Tradervue User Stock Trades.

Day Chart: continued upward run after hammer candle bounced off 9ema area. A bit extended but $15.44 target close by might help pull the price a bit higher

Buy: flag formed that I was stalking. Couldnt catch an entry at the 20ema or 9ema as it started holding the upper half of the flag so I took a break out of the pattern as confirmation. Paying more for confirmation vs anticipating at the upper half of the flag.

Sell: it broke out and I used the 1 min chart. stop at low of previous candle to allow it to work itself through the uptrend. trailed stop hit.

Lesson: better entries around the 20ema. this pattern took 1hr 40min to form/break so I wasnt confident buying the dips so early in the pattern. the risk would have been lower but this trade helps me experience watching patterns as they develop, which should help me anticipate much more professionally moving forward.