EFUT Trade on Aug 19, 2013 11:16 from oly_BOWS: Tradervue User Stock Trades.

EFUT was a gapper I ignored because the daily was choppy. It came up in chat and I decided to go in after all. I waited until it found support around the 9ema and $5. This one was not so bad. It did go against me an dI got out for a small loss.

Entry: 5.00
Stop: 4.80
Target: 5.40

Exited at 4.84 near my stop price, it was clearly not going the right way.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-19 11:16:48	EFUT	buy	$5.000	long
2013-08-19 11:40:57	EFUT	sell	$4.840	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=EFUT&trade=565870&end=20130918&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=EFUT&trade=565870&end=20130819140057&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-08-20 08:32:25

This is your bread and butter setup, P/B to the magic 5#, bounce off 20MA. Just didn't work, you knew your risk. Good loss.

jollybhai_BOWS

2013-08-20 18:24:04

As long as you try a setup & you minimize your loss .... You are good to go. Let setup fail & Exit. I am learning it in hard way.

EFUT Trade on Aug 19, 2013 11:16 from oly_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax