HON Trade on Oct 12, 2015 10:06 from ToqueX: Tradervue User Stock Trades.

Grade=C-
P/L: +1.2R

Setup: bear flag. Short as it holds below 5m chart MAs anticipating a break through VWAP. I was looking for downside on the daily chart since earnings are at the end of the week and it had already rallied so much recently.

Result: Got the move and caled out the first two units nicely. I held on to the 3rd, looking for another test and break of 101, but it didn't happen and a fairly long and sustained intraday rally ensued.

To work on: I did okay with this one, but it would be nice to get in an a bigger move. I liked this setup because I saw it as a setup with firly defined risk parameters while still having a lot of potential downside should the move really take hold and retrace some of the gains of the last 8 trading days. So actually the potential R/R was quite high. I think I considered it to be about 5:1 using the 200ema on the 5m chart at 100.60 should things move that way.