CCCR Trade on May 17, 2017 10:12 from coryjpat: Tradervue User Stock Trades.

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coryjpat

 

Trade description
Pretty good trade alerted in the chat room by TB that the price was moving in a 2 o'clock pattern. Was definitely creating higher highs and lower lows, with this formed a clean upward channel. The channel move into a bull flag at the 2.30 mark and volume confirmed the breakout price action.

(B)-Buy (S)-Sell

MACDH=> 0.0097735(B) - 0.0353447(S)

MACDT=>
 0.03979796(B) - 0.054427(S)
Volume=> 
105,716 - 187,389
Shares=> 650

RSI=> 76.7845(B) - 87.2447(S)
Stochastic Full=> (78.9003-78.3999)(B)- (89.2944-82.7593)(S)

MACDT=>
 I sold before the met again
OPEN Trade:
 $2.45 ($1592.50)(B)
CLOSE Trade:
 $2.64 ($1716.00)(S)
P/L: +$123.56

Summary
Overall a great trade, the setup was awesome, and the entry was pretty decent. On the 1 minute I entered on a pullback which at the time could have been a fakeout but, I played the pattern off of volume, and only entered because the volume confirmed the setup. The RSI and Stoch. confirm the trend was trending bullish and consolidated just before the move. Only issue with this trade was that I hate that I left another $0.20 on the table, as I tried to close my position on my cell phone, versus continuing to watch the chart on my laptop and closing it from my laptop. With one trade left for the week, I'll be looking to finish it up the same way.

Overall Grade: A


Execution detail:

Date/time Symbol Side Price Position
2017-05-17 10:12:25 CCCR buy $2.450 long
2017-05-17 10:15:54 CCCR sell $2.640 long
2017-05-17 10:15:54 CCCR sell $2.640 0


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