Shared by
oly_BOWS
Saw this after Aziz Saba mentioned it on Twitter - @upstocks13 - highly recommended follow
flag bo/flag bo - took just as it was breaking 7.93, but filled at 7.95 hod. Still had strong action on tape, SPY breaking bull flag as well, TICK 400ish, TRIN .8 stop 7.84. Will tighten stop fast once it goes.
stop 7.85
initial target 8.15
moved stop to 7.88 as it broke 7.95, will tighten more if it can go
cleared 8 and I moved stop near b/e at 7.94
flagged at 8.07, when it broke the flag I tightened my stop to 7.99 below flag area and round 8 level
quick move to 8.1 then faded, rebroke 8.1 30 minutes later and I moved stop to 8.05 below post breakout noise
sold half into the pop at 8.15 and moved stop to 8.09 below the 8.1 break level
took another 1/4 off at 8.21 after the high volume big candle
ugly reversal back to 8.15 so I got out the rest there
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-08-17 12:26:39 | MWW | buy | $7.950 | long |
| 2015-08-17 14:01:00 | MWW | sell | $8.150 | long |
| 2015-08-17 14:09:00 | MWW | sell | $8.211 | long |
| 2015-08-17 14:14:00 | MWW | sell | $8.151 | 0 |
Comments
oly_BOWS
Thanks Kunal - trading with you guys really helped me make changes for the better
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great trade