NBR Trade on Nov 30, 2016 10:40 from Emilie_BOWS: Tradervue User Stock Trades.

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Emilie_BOWS

 

After sitting out for 2 days because I couldn't find anything to trade, I'm glad that I was able to catch this one. Oil had big gap up today and oil stock ETF gapped over the top of multi-month range. I was watching several oil tickers and I liked NBR the best because it had strong daily setup and clean intraday pattern. I waited quite a bit before taking the 1st entry because oil stocks often pull back very deep before running up.

Daily: oil big gap up, strong sector momo, breakout to new high
Intraday:
- 1st entry: bull flag over VWAP and 9 EMA catching up
- 2nd entry: 9 EMA quick pullback


Execution detail:

Date/time Symbol Side Price Position
2016-11-30 10:40:16 NBR buy $15.100 long
2016-11-30 11:32:57 NBR buy $15.699 long
2016-11-30 13:00:10 NBR sell $16.160 long
2016-11-30 14:10:12 NBR sell $16.370 0


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