SNTA Trade on Jul 30, 2013 10:06 from markmandy54_BOWS: Tradervue User Stock Trades.

Daily MOMO running, waited for intraday to setup. Perfect tight flag. Long on B/O with stop under support and rising MA's. Textbook setup, just didn't work. Ok with this loss.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-07-30 10:06:30	SNTA	buy	$7.770	long
2013-07-30 10:17:06	SNTA	sell	$7.630	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SNTA&trade=532708&end=20130829&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SNTA&trade=532708&end=20130730160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SNTA&trade=532708&end=20130730124206&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SNTA&trade=532708&end=20130730111306&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-07-30 16:08:53

That was a good attempt. I think the price support on the daily is what held it back. 200ma is also right above, but not until around $8.13

kunal00

2013-07-31 12:18:10

U cant buy there. its a short at that spot. 200dma right on top of it.. so first test of intraday support/bottom of flag it will get shrted.

markmandy54_BOWS

2013-07-31 12:44:31

Makes sense, i now also see all the consolidation from 7.20 to the 8 mark which tells me everyone under water probably just wanted to break even and get out. Thank you.

Gena_BOWS

2013-07-31 20:31:54

looks more like an inverted flag, or a bear flag rather than bullish flag? but I must admit I would have thought this would have worked too. This one is hard for me to see.

AnthonyC_BoWS

2013-08-02 01:12:45

Great commenting, team! The combination of seeing the setups and ideas and then having Kunal break them down is incredibly helpful. Feel like this is helping to shorten the immense learning curve.

SNTA Trade on Jul 30, 2013 10:06 from markmandy54_BOWS: Tradervue User Stock Trades.

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