MTL Trade on Sep 9, 2013 09:35 from oly_BOWS: Tradervue User Stock Trades.

Continuation play, I felt it was breaking a base formed the end of the previous day so I bought on the break. It folded over and I got out as a loss.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-09 09:35:16	MTL	buy	$3.350	long
2013-09-09 11:00:09	MTL	sell	$3.270	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MTL&trade=595063&end=20131009&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MTL&trade=595063&end=20130909130009&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-09-17 08:15:01

Nice play, daily looked like a base B/O to me.

oly_BOWS

2013-09-17 09:03:28

Yeah that had me interested - and didn't seem to overextended - if I hadn't sold at the low of the day would have been a good one.

AnthonyC_BoWS

2013-09-17 19:04:02

Strong daily support was at the 3.22 area. Should have had your buffered stop a few pennies below that and let it do its thing. Must remember that the daily chart rules the kingdom. Great setup, just a little misfire on the execution.

MTL Trade on Sep 9, 2013 09:35 from oly_BOWS: Tradervue User Stock Trades.

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