Shared by
mirko_BOWS
$BCRX was flagging on the daily chart and after an initial run up where there was no setup, I have waited patiently for a nice setup to develop and entered the trade for the first time on the flag breakout and sold some into the spike.
After flagging for the second time I reentered again and sold into the spike.
Then on 9EMA pullback I entered the trade for the third time where I should not since it was way overextended by that time so when it start breaking the bear flag I have exited the trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-08-26 11:43:54 | BCRX | buy | $6.710 | long |
| 2013-08-26 11:43:55 | BCRX | buy | $6.710 | long |
| 2013-08-26 11:43:55 | BCRX | buy | $6.720 | long |
| 2013-08-26 11:43:55 | BCRX | buy | $6.710 | long |
| 2013-08-26 11:43:59 | BCRX | buy | $6.720 | long |
| 2013-08-26 11:43:59 | BCRX | buy | $6.720 | long |
| 2013-08-26 11:43:59 | BCRX | buy | $6.720 | long |
| 2013-08-26 11:43:59 | BCRX | buy | $6.720 | long |
| 2013-08-26 11:47:27 | BCRX | sell | $6.790 | long |
| 2013-08-26 11:47:27 | BCRX | sell | $6.790 | long |
| 2013-08-26 11:47:38 | BCRX | sell | $6.790 | long |
| 2013-08-26 11:47:41 | BCRX | sell | $6.790 | long |
| 2013-08-26 11:57:11 | BCRX | sell | $6.820 | 0 |
| 2013-08-26 12:20:42 | BCRX | buy | $6.980 | long |
| 2013-08-26 12:20:42 | BCRX | buy | $6.980 | long |
| 2013-08-26 12:20:42 | BCRX | buy | $6.980 | long |
| 2013-08-26 12:20:43 | BCRX | buy | $6.980 | long |
| 2013-08-26 12:20:45 | BCRX | buy | $6.970 | long |
| 2013-08-26 12:20:45 | BCRX | buy | $6.970 | long |
| 2013-08-26 12:20:45 | BCRX | buy | $6.970 | long |
| 2013-08-26 12:23:24 | BCRX | sell | $7.149 | 0 |
| 2013-08-26 13:01:23 | BCRX | buy | $7.150 | long |
| 2013-08-26 13:18:34 | BCRX | sell | $7.050 | long |
| 2013-08-26 13:18:35 | BCRX | sell | $7.050 | long |
| 2013-08-26 13:18:35 | BCRX | sell | $7.050 | long |
| 2013-08-26 13:18:35 | BCRX | sell | $7.050 | long |
| 2013-08-26 13:18:35 | BCRX | sell | $7.040 | long |
| 2013-08-26 13:18:35 | BCRX | sell | $7.040 | long |
| 2013-08-26 13:18:35 | BCRX | sell | $7.040 | long |
| 2013-08-26 13:18:35 | BCRX | sell | $7.040 | 0 |
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