WB Trade on May 16, 2017 10:41 from Emilie_BOWS: Tradervue User Stock Trades.

Daily: earnings breakout
Intraday: bull flag
All entries were taken on typical bull flags. I was hoping for $80 but it seemed to start losing momentum late in the day so I decided to get out.

Execution detail:

Date/time	Symbol	Side	Price	Position
2017-05-16 10:41:06	WB	buy	$73.800	long
2017-05-16 11:13:16	WB	sell	$76.540	long
2017-05-16 12:14:52	WB	buy	$76.440	long
2017-05-16 13:03:03	WB	buy	$77.210	long
2017-05-16 14:21:53	WB	sell	$78.500	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WB&trade=5663632&end=20170615&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WB&trade=5663632&end=20170516160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=WB&trade=5663632&end=20170516160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=WB&trade=5663632&end=20170516160000&i=m10&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

VinnyB

2017-05-16 20:06:58

Hey Emilie,

I had a couple of questions, if you don't mind.

Were you looking at the 1min flag up until 9:34 or was this too small for you?
I thought a flag had formed with the trendline starting at 9:36 and going until 10:00. If you saw this same flag, why didn't you enter it as it broke the flag?
Are you drawing trendlines for your entries on the flag? If so, have you just trained your eyes for these setups or is there something else you help use to identify them to cleanly?
For your second entry at $76.44, I don't see as clean of a bull flag there. Were you negating that wick at around 11:50? Have you found bull flags that aren't the cleanest like that, still work?

As a side note, were you looking to trade the bull flag in SINA at all? I didn't trade it because it seemed like the move was over with and it was hard to get an decent entry and stop.
Also, would a bull flag like in SSYS today be something you would be interested in trading?
Lastly, do you ever have a trailing stop or move your stops up? I have been looking into measured moves of bull and bear flags and they usually pan out so I have been trying to hold on for the real move. I'm working on just having my price target limit and my original stop and that's it.

Thanks for all the info you share on here. You should do a bootcamp class!

Emilie_BOWS

2017-05-16 23:18:28

I never look at 1m chart. It's too fast for me. I only use 5m chart.
It was early so I was looking at several things at the same time. SPY and some momentum names looked weak so I hesitated to get in that early. The breakout was fast and the spread was also significant so I didn't want to chase.
I rarely draw trend lines. I just saw it held VWAP and the 9 EMA again and the range became very tight (2 tiny candles before the breakout).
Ok you can't draw a clean resistance line for the flag but I always consider that type of pattern as bull flag. Basically price was consolidating in a small range over support (previous HOD established by the 2nd 5m candle). The 20 EMA was coming up underneath.

I didn't notice the wick you mentioned. It was small anyway and actually made the case for a triple tap breakout setup.
I don't see that type of flag as "not clean". It looked good to me. I think I look more at how stock acts at price support and resistance when trading flag setup.

I didn't take SINA because I thought the first move was already big and it was already too close to $100.

SSYS flag looks good and tradable for me.

I often use trailing stop for strong trending stocks. You might see I waited a long time for a target but I always either had a stop just above or watched the trade very closely to take it off immediately. I don't sit and watch a stock missing my target by a few cents and then cover for a loss.
I don't use measured moves so I can't say if they work or not. However, I think for someone who is starting out, it's better to at least take partial profits along the way. Winning trades help build account and more importantly confidence.

WB Trade on May 16, 2017 10:41 from Emilie_BOWS: Tradervue User Stock Trades.

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