XON Trade on Jul 16, 2015 09:54 from ToqueX: Tradervue User Stock Trades.

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Grade=D

The setup: flag (but not really)

The result: I was chasing, and there wasn't really a flag setup, even on the 2m chart. I caught some of the momentum, then wanted to add some size but added more than I wanted by mistake. This led me to want to get out quickly at the first sign of being in the red, so I sold out for a loss.

The lesson: Don't chase, and if you want to catch the momo, at least wait fora 3 candle flag on teh 2m chart.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-07-16 09:54:30	XON	buy	$54.930	long
2015-07-16 10:02:42	XON	buy	$55.500	long
2015-07-16 10:04:25	XON	sell	$55.140	long
2015-07-16 10:04:25	XON	sell	$55.130	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=XON&trade=3156868&end=20150815&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=XON&trade=3156868&end=20150716160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=XON&trade=3156868&end=20150716122925&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=XON&trade=3156868&end=20150716103125&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

XON Trade on Jul 16, 2015 09:54 from ToqueX: Tradervue User Stock Trades.

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