WLT Trade on Aug 30, 2013 09:54 from markmandy54_BOWS: Tradervue User Stock Trades.

Daily just keeps tapping at resistance and looks ready to run. Intaday looked like a flag to me on the 5 min and started to move above 13.30. stop -.10, target +.25. Rolled over and took the loss.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-08-30 09:54:25	WLT	buy	$13.310	long
2013-08-30 10:01:36	WLT	sell	$13.160	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WLT&trade=579068&end=20130929&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WLT&trade=579068&end=20130830160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=WLT&trade=579068&end=20130830122636&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=WLT&trade=579068&end=20130830105936&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2013-08-31 12:00:34

setup on this?

markmandy54_BOWS

2013-08-31 12:08:39

Daily looked like start of a Flat top Breakout. I thought i saw a flag on the 5 min as it had a great pole run up and held around 13.25. I drew a trendline and on the break above got long with a stop under. I feel like i start to see a pattern develop and it spikes up several times and i keep readjusting my trendlines going wider and wider. But after the market close it's so obvious of where the breakout was or that it never fully setup (like this WLT chart). Thoughts?

kunal00

2013-08-31 12:19:29

YO look at the 5minute chart each day for the last 15 days.. this stock fades on each spike.. and only runs hot on dips.

markmandy54_BOWS

2013-08-31 19:27:16

Dammit, great point. You've told me that before and i seemed to have forgot to utilize that. I keep reviewing my notes, there's so much to take in. Looking back over 1/2 a month of the way this stock operates i totally see that. Thank you for pointing that out as i would not have made that connection.

kunal00

2013-08-31 21:40:44

hugs!!

bjstrade9_BOWS

2013-09-08 19:17:55

yes, I learned a lot from this one. Thanks for posting

WLT Trade on Aug 30, 2013 09:54 from markmandy54_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax