LEU Trade on Mar 30, 2016 10:19 from fegin: Tradervue User Stock Trades.

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fegin

 

I was watching the 5 min candle chart.
First mistake: I should have waited for a second green candle to get in and the confirmation that the trend was going higher. I bought the first green candle i saw and i got shook out on the next red candle.
Second and MAIN mistake: The whole picture I had of this setup was too narrow I should have seen that the real level was in between 3,65 and 3,70. The stock test that area 4 times it's a clear indication that there is a resistance level there. My entry was way too early. The real entry level was around 11:00 and the real setup was a breakout. I bought the stock when it enter a consolidation level. Furthermore we can see that the volume show us that nothing is happening when I enter that trade.Volume confirm what I said about the breakout.
Third mistake: I should have seen the ascending triangle on the daily chart and I would have seen that the real level was around 3,80.


Execution detail:

Date/time Symbol Side Price Position
2016-03-30 10:19:30 LEU buy $3.590 long
2016-03-30 10:23:12 LEU sell $3.530 0


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