MDR Trade on Nov 10, 2015 12:05 from josiah: Tradervue User Stock Trades.

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josiah

 

5' cup for trend continuation setup, .78 x .71. Trailed above BE and stopped out, but then it looked like it was turning again so limited back in at .80 x .78 to see if it would go. Didn't so left it alone. Evidently I should have just held the original stop because it went just fine after pulling back to .76. Also notable is that it made 3 down-thrusts on the 1' during the pullback. Even though it was steep and didn't look good for continuation, the 3 thrusts is healthy. Also, in the end, it had entered this move in sort of triangle pattern, pushing up from beneath and then finally bursting out before pulling back for a "breath". Would have been better for the trail if it had based near the breakout area first, then broken out so it had an obvious place it needed to hold. As it were, it was already "exhausted" by the time it broke out, so it needed a rest, and to step down to a lower trend channel line.


Execution detail:

Date/time Symbol Side Price Position
2015-11-10 12:05:03 MDR buy $5.780 long
2015-11-10 12:27:49 MDR sell $5.800 long
2015-11-10 12:27:49 MDR sell $5.800 long
2015-11-10 12:27:49 MDR sell $5.800 0
2015-11-10 12:29:55 MDR buy $5.800 long
2015-11-10 12:31:11 MDR sell $5.790 long
2015-11-10 12:31:11 MDR sell $5.790 long
2015-11-10 12:31:11 MDR sell $5.790 0


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