Shared by
TianYu_BOWS
Daily chart flag.
30m flag and three tap.
At the open,I seem like ORB, so I long at the bottom of range and loss 12 cents.
At 09:58am,it is ORB.So I long.And as you can see in the 2m chart.
The price is a bit sloppy.So I'm out 100,and the other 100 out break even.
At 10:27am,I buy the stock in the pull back.
But my price isn't good,so I got stop out at the low of that time.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-04-19 09:32:34 | SM | buy | $25.880 | long |
| 2016-04-19 09:32:48 | SM | buy | $25.880 | long |
| 2016-04-19 09:34:39 | SM | sell | $25.760 | long |
| 2016-04-19 09:34:39 | SM | sell | $25.760 | 0 |
| 2016-04-19 09:58:57 | SM | buy | $26.320 | long |
| 2016-04-19 09:58:58 | SM | buy | $26.320 | long |
| 2016-04-19 10:20:07 | SM | sell | $26.580 | long |
| 2016-04-19 10:22:14 | SM | sell | $26.320 | 0 |
| 2016-04-19 10:27:50 | SM | buy | $25.940 | long |
| 2016-04-19 10:27:50 | SM | buy | $25.940 | long |
| 2016-04-19 10:28:25 | SM | sell | $25.780 | long |
| 2016-04-19 10:28:26 | SM | sell | $25.780 | 0 |
Comments
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1st entry, I see that you were anticipating the ORB because of the daily flag and the gap up. Nice job of limiting your loss below the bottom of the range. 2nd entry, good that you stuck with the trade but that entry is just way too high. http://screencast.com/t/If3yGEWf Especially with daily chart approaching 200 DMA. 3rd entry, It's tough when the pullbacks are that steep with heavier volume. It could work, but much lower probability.