Flag Pullback intraday and as started to move above the flag i longed. Stop -.20 (under the lower trendline of flag bottom and the rising 9MA on 5 min as well as holding the 9MA on 15 min. Target was +.25 (intraday highs), +.50 and +1 on rest. Rolled over fast right after my entry and got stopped.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-16 10:15:04 | LVS | buy | $64.450 | long |
2013-09-16 10:22:12 | LVS | sell | $64.240 | 0 |
I feel like i keep leaving out 1 part in each trade (on other's was PR/news), this time was overlooking the 90+ on stochs being OB. Helps so much having you point those out.
I'm glad my ideas/patterns are in the ballpark, just need to find the right vehicle (which i think for what i've been leaning towards would be that PR/news catalyst to truly trade the MOMO names).
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
stock still overbought on daily 90 plus stochastics...... weak flag on daily just been couple days. huge monster gap on intraday plus big candle..but no pr or catalyst.... this time of trade is often a short. right idea/type of pattern. wrong vehicle in terms of stock selection.