SCTY Trade on Aug 8, 2013 10:26 from oly_BOWS: Tradervue User Stock Trades.

SCTY looked like it was bouncing the 20 on the daily chart. It opened very string and then started flagging heavily. Looking at the flag now, I should have ignored this one, it is too deep and strong. I include overnight data so it was also dipped below the 9ema and coming back above it.

I got in with a loose stop, forgot to record it but about 40.80.

I hit the stop immediately and didn't even get my stop price on the execution. I still kept my loss under my $200 limit.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-08 10:26:55	SCTY	buy	$41.220	long
2013-08-08 10:33:00	SCTY	sell	$40.780	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=546243&end=20130907&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=546243&end=20130808130300&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

justduit_BOWS

2013-08-08 19:38:22

I like how you post your notes...
no confirmation on the "non" flag here right? Plus it dip below MA

oly_BOWS

2013-08-08 20:04:26

Sort of - it was forming a clear green candle and breaking the flag only just barely. As for the moving averages, they look very different for me, let me explain:

Here is more what I was looking at at the time. Notice how the mas look quite different if you include overnight data

https://www.dropbox.com/s/kvi5z2r6ith17jx/SCTY-0808.png

I may take overnight off my charts, haven't decided yet.

SCTY Trade on Aug 8, 2013 10:26 from oly_BOWS: Tradervue User Stock Trades.

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