ADSK Trade on Aug 23, 2013 10:18 from oly_BOWS: Tradervue User Stock Trades.

I was watching this gap up and had been waiting for a 9ema pullback, but it was curving to flat and I got in when Kunal caleld it out. I put in a smaller position and wider stop below the 9ema.

I think I should have waited for a candle break and tighter stop, or just wait for the 9ema as I was taking too many trades this day.

Entry: 40.68
Stop: 40.28
Target: 41.08 and watch hod

It rolled and I got out above my stop.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-23 10:18:53	ADSK	buy	$40.680	long
2013-08-23 10:23:14	ADSK	sell	$40.330	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ADSK&trade=571208&end=20130922&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ADSK&trade=571208&end=20130823125314&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-08-25 11:01:52

I would have waited for the 9ema to catch up, and once a pattern developed; made my decision rather to go long or short.

markmandy54_BOWS

2013-08-25 14:41:24

This is your B&B trade. If taking anticipation bounce, i agree with Nape of taking it off the 9MA, then have your tight stop.

oly_BOWS

2013-08-27 06:37:44

It was just hitting the 9ema including overnight data, but still looked a little aggressive/messy for my taste. Playing the bounce as seen here looks more my style. Then if it isn't moving within a few candles, dump it.

oly_BOWS

2013-08-27 06:39:12

Also, really thanks guys for so much feedback - though I don't say so on every trade it has really made a huge difference for me and I appreciate it very very much.

ADSK Trade on Aug 23, 2013 10:18 from oly_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax