Shared by
byers7181_BOWS
Saw flags on the daily, and then I saw them on the 2 & 5 minute chart, and I bought the stock on the break. I scaled out 1/3, and then another 1/3 moved my stop point to where I would make a good profit. I have noticed that I like to use 3 and 5 minute charts for Flag patterns I can see the flag more on the 2 minute chart. I will continue to test this method.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-10-20 10:08:49 | ABEO | buy | $8.192 | long |
| 2016-10-20 10:08:49 | ABEO | buy | $8.196 | long |
| 2016-10-20 10:08:49 | ABEO | buy | $8.195 | long |
| 2016-10-20 10:08:49 | ABEO | buy | $8.210 | long |
| 2016-10-20 10:15:08 | ABEO | sell | $8.338 | long |
| 2016-10-20 10:17:16 | ABEO | sell | $8.428 | long |
| 2016-10-20 10:17:16 | ABEO | sell | $8.430 | long |
| 2016-10-20 10:17:16 | ABEO | sell | $8.430 | long |
| 2016-10-20 10:37:49 | ABEO | sell | $9.010 | long |
| 2016-10-20 10:37:50 | ABEO | sell | $9.050 | 0 |
Comments
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wow! one of ur best trades! great job!