FIVN Trade on May 18, 2016 12:22 from stormstocks_BOWS: Tradervue User Stock Trades.

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stormstocks_BOWS

 

Set UP: Bull coil
Entry: Expecting break out of bull coil
Stop: under 9.64
Target: 10-10.10
Negative: I entered in lunch hour so less likely to break out during that hour.
However, chart very nice bull coil. Technicas strong too.
Exit:
1st - locking in profits
the rest - close to my target 10


Execution detail:

Date/time Symbol Side Price Position
2016-05-18 12:22:00 FIVN buy $9.720 long
2016-05-18 13:13:00 FIVN sell $9.870 long
2016-05-18 13:33:00 FIVN sell $9.990 long
2016-05-18 13:39:00 FIVN sell $9.960 0


Comments

2016-05-20 10:50:53
 

Good risk to reward but, in order to understand the process better so that I can sustain winning, why was your target 10-10.10? I prefer buying lower in the range, but this pattern really just grinded up. Any reason you entered at that particular time?

2016-05-23 15:37:06
 

Target was 10-10.10 case there was price resistance and it is whole number too.
Why I bought at that time? It saw the coil coming to the Apex and I expected break to upside. The coil was very narrow and I expected it is going to break out very soon. If it would break down, I would exited quickly.

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