Shared by
bethomas47_BOWS
- $146 1st buy no setup, bought too high even though I did make a little.
2nd buy break of flag on 1 min chart and scaled out
Question: I didn't mean to be buying from the 1 min. is this not a good idea?
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-10-10 10:38:56 | CLDX | buy | $27.930 | long |
| 2013-10-10 10:46:49 | CLDX | sell | $28.090 | long |
| 2013-10-10 10:57:49 | CLDX | sell | $27.930 | 0 |
| 2013-10-10 11:51:57 | CLDX | buy | $28.100 | long |
| 2013-10-10 11:54:28 | CLDX | sell | $28.330 | long |
| 2013-10-10 11:57:57 | CLDX | sell | $28.240 | long |
| 2013-10-10 12:05:34 | CLDX | sell | $28.330 | 0 |
Comments
Nape_BOWS
27.81ish would have been a better entry right when it squeeze over the 9em for the 1st trade you made.
charlesk_BOWS
Beth the two weeks prior I was looking at 1 and 2 minute charts. I noticed I was watching things way too closely. Sometimes you just have to sit back and wait for them to develop. This week I decided to pull back and only look at 5 minutes. I like the 5 minutes. Its alot less hectic and I don't over react to just a small change. Until I get better and faster I'm sticking with 5. Although I do like Nape's idea of 2 or 3 min for the first 30 minutes. I think I will try that tomorrow.
bethomas47_BOWS
Yea I wondered why the price was moving so quickly - 1 min chart. I do like for selling though
markmandy54_BOWS
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kunal teaches us to use 5min time frame.. there is no wrong or right way as far as time frames goes.. i like to use 3min time time frame the first 30min of trading then i switch to 5min.