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dolcolaxBOWS
pull back to support. got stopped out
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-07-09 14:35:24 | VOYA | buy | $28.890 | long |
| 2013-07-09 14:35:24 | VOYA | buy | $28.900 | long |
| 2013-07-09 14:59:05 | VOYA | sell | $28.770 | long |
| 2013-07-09 14:59:05 | VOYA | sell | $28.770 | long |
| 2013-07-09 14:59:05 | VOYA | sell | $28.770 | 0 |
Comments
JoJoTrades
the setup is a pullback....if it was a 1-minute chart prolly look like something. of course risky cause u never know which way it gonna rip/dump...but still, this IS a setup:
you see a huge volume rip, followed by lighter volume pullback. looiks like someone knows something...play the pullback, then later it rips back up when everyone else figures it out. doesn't work all the time, of course...like all plays...but it definitely can work, and can score big when it does. coulda ripped right back up to 29+ and who knows maybe into the 30s.
I bet it rips huge sometime this week lol
Nape_BOWS
@ScalpTrade yeah I see the pullback and yes the red volume bar was a tad bit lower then the previous green candle bar but not that much lower. I still think to try to play that for a pullback play was bit risky. Better set ups out there imo.
ckz8780
In my experience if these things spike like this one did they should just go. 90% of the time when you enter at the same price (breakout price) in the 2nd or 3rd candle you will get stopped out because it's an indication the breakout simply failed. This stock was up almost 40 cents off the b/o and pulls nearly all the way back. If you enter on a pullback you would have wanted to see it on light volume and only pulling back in the top 50% of the b/o candle, IMO.
dolcolaxBOWS
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