CTRP Trade on Jul 13, 2015 10:30 from ToqueX: Tradervue User Stock Trades.

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The setup: 1-2-3 Reversal / Bear Flag

The result: I'm not exactly sure what you'd call this setup, but this is what I was thinking. I had a slight short bias on the China stocks and believed they could likely break trend and fade because there is fear in the Chinese markets now. CTRP has been a strong stock in the past, but I saw WBAI already tanking, so I got a bit pre-emptive with this entry, but it was looking "heavy" to my eye and the tape seemed to support this idea with no sign of eager buying at all at the 74.10 level.
I was fairly patient with the first exit and hit my targets, so I'm happy with this trade.

Spots to add size: I could have added after holding below 73.75, and then started taking some off at 73.50. I wasn't that confident and expected the move to end at any time.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-07-13 10:30:14	CTRP	sell	$74.110	short
2015-07-13 10:54:28	CTRP	buy	$73.750	short
2015-07-13 10:57:53	CTRP	buy	$73.500	short
2015-07-13 10:59:45	CTRP	buy	$73.500	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CTRP&trade=3139230&end=20150812&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CTRP&trade=3139230&end=20150713160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CTRP&trade=3139230&end=20150713131945&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CTRP&trade=3139230&end=20150713111945&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

CTRP Trade on Jul 13, 2015 10:30 from ToqueX: Tradervue User Stock Trades.

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