XBI Trade on Feb 27, 2017 09:46 from Emilie_BOWS: Tradervue User Stock Trades.

Daily: support bounce, strong sector momo with many biotech breaking out
Intraday: ORB, bull flag

XBI had a nice run on daily then pulled back to test support around $66. It already had a small bounce previous but didn't break out of the downtrend line. I was watching it from the open for a breakout.
I took an ORB entry in the morning, took 1/2 off when it broke the 9 EMA. I would have taken more off if the trend changed. It was holding all the MAs going into the afternoon. I added on the small flag with the 20 EMA coming underneath. Previous high was around $68.8 so there were several supports around the same level which made the probability pretty good IMO. This entry was nice because my risk was only 10 cents. I wish I had added more on confirmation though. There was room to at least $70.

Execution detail:

Date/time	Symbol	Side	Price	Position
2017-02-27 09:46:07	XBI	buy	$67.670	long
2017-02-27 11:12:09	XBI	sell	$68.480	long
2017-02-27 14:25:00	XBI	buy	$68.890	long
2017-02-27 15:45:03	XBI	sell	$70.380	long
2017-02-27 15:55:04	XBI	sell	$70.510	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=XBI&trade=5409162&end=20170329&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=XBI&trade=5409162&end=20170227160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=XBI&trade=5409162&end=20170227160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=XBI&trade=5409162&end=20170227160000&i=m10&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

XBI Trade on Feb 27, 2017 09:46 from Emilie_BOWS: Tradervue User Stock Trades.

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