CPRX Trade on Aug 27, 2013 10:56 from acelaw2000_BOWS: Tradervue User Stock Trades.

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acelaw2000_BOWS

DAY TRADES (BOWS)

parabolic spike. played on entry after consolidation on first attempt. no go.

a little later. played on resurface of break of consolidation. no go again.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-27 10:56:08	CPRX	buy	$2.150	long
2013-08-27 11:06:25	CPRX	sell	$2.050	0
2013-08-27 13:08:58	CPRX	buy	$2.120	long
2013-08-27 15:20:07	CPRX	sell	$2.040	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CPRX&trade=575970&end=20130926&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CPRX&trade=575970&end=20130827160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CPRX&trade=575970&end=20130827160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CPRX&trade=575970&end=20130827152007&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-08-27 19:22:59

to high on entry.. $2.05 would have limit your risk.

ckz8780

2013-08-28 00:24:49

I'm assuming you say "parabolic" because it was up huge today...correct me if I'm wrong. If not, then remember that in order to be parabolic you usually want to see 3-4 days of action like this...a stock not really gapping much but running for 3-4 days and gaining 30-40-50% or more. This is just a big old gap and isn't really the same setup, so it will be played differently. IMO there was no good setup in CPRX today. I watched it all day and never saw a good entry.

CPRX Trade on Aug 27, 2013 10:56 from acelaw2000_BOWS: Tradervue User Stock Trades.

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