BIDU Trade on Sep 16, 2013 10:26 from markmandy54_BOWS: Tradervue User Stock Trades.

Nice P/B on daily to B/O area and bounce. Intraday ripped up and Flagged on low volume allowing 9MA and VWAP to catch up. Long with stop of -.50 (under 9MA and Vwap). Target +.75 (intraday highs), and +1.50 for next leg up. Massive sell volume poured in right after i entered and out over -.75 with slippage.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-16 10:26:24	BIDU	buy	$146.540	long
2013-09-16 10:30:25	BIDU	sell	$145.750	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BIDU&trade=595447&end=20131016&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BIDU&trade=595447&end=20130916160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=BIDU&trade=595447&end=20130916130025&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=BIDU&trade=595447&end=20130916112825&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2013-09-17 00:29:57

nO pr. or catalyst. huge gap in markets that stalled out the same time. this is a fade spot

look at the way u described ur setup. u siad it was a breakout pullback play. well the breakout/pullback spot is at 142.6s-143.

think about ur r/r ratios too on daily.. stock bounced big from 142 and it full target is 148 so u got max 1.5 on daily with 5 bucks intrday... its a tricky trade one often worth taking but still some red falgs

bgrothuesBOWS

2013-09-17 00:30:59

It was worth a shot. I guess the only thing you could have done is wait for some confirmation of the flag break; however, I often feel like I'm chasing the stock when I wait for price action to confirm.

markmandy54_BOWS

2013-09-17 08:55:22

Good stuff Kunal, it always seems so obvious after the fact to me. Great points. I need to be more aggressive in buying the Pullbacks with stop under instead of chasing a HUGE gap up. Thank you.

And a few people have pointed out the no PR/news and i've been leaving out that one catalyst which is huge as well.

bjstrade9_BOWS

2013-09-17 18:31:31

Ouch, seen this today in my trading. I have been keeping stops tight and trying to add pr to my trades.

BIDU Trade on Sep 16, 2013 10:26 from markmandy54_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax