Shared by
TianYu_BOWS
Daily chart not in uptrend.
I chose this stock because 30m is a flag.
And 5m is a flag.
But it turn out is a sucker flag.
But I'm still not sure whether I should participate in this kind of trade anymore.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-04-19 10:52:29 | ADM | buy | $38.330 | long |
| 2016-04-19 10:52:35 | ADM | buy | $38.330 | long |
| 2016-04-19 10:57:46 | ADM | sell | $38.190 | long |
| 2016-04-19 10:57:47 | ADM | sell | $38.190 | 0 |
Comments
TianYu_BOWS
2016-04-20 13:03:50
Got your point.I'll not trade these daily chart any more.Though the intraday flag look good.
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Just remember that, in the BOWS system, you aren't really trading the intraday flags. Not really. You're trading the daily chart and just using intraday flags (and other setups) to find your low risk entries. So, the daily chart was a bit extended. It could have worked, but there's nothing about the daily, to me, that says, "I want in this one!".