RMD Trade on Feb 4, 2017 09:54 from goldBucks_BOWS: Tradervue User Stock Trades.

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goldBucks_BOWS

 
  • 50% fib level rejection
  • support zone
  • Inside bar & indecision candle

Enter at the break of the high of the inside bar

Target 1 = $70.71 for 1/3 of the position

Exit: Gap down trigger trailing stop loss

Screenshot


Execution detail:

Date/time Symbol Side Price Position
2017-02-04 09:54:00 RMD buy $67.150 long
2017-02-13 13:43:00 RMD sell $70.690 long
2017-02-24 09:30:00 RMD sell $70.710 0


Comments

Gravatar falfred
2017-02-05 21:49:10
 

Nice set up and good entry. My only concern with this trade is that you are going long in an area where the sellers out number the buyers. If you look at the weekly time frame the candlestick that formed was a hanging man. It's a potential reversal. I'm not saying your trade won't work out but if I were you I would tighten up on my stop loss to protect any gains.

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