NFLX Trade on Oct 10, 2013 10:57 from acelaw2000_BOWS: Tradervue User Stock Trades.

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acelaw2000_BOWS

DAY TRADE

Lined up on 5 min chart and bought just after the stock started to dip. should have scalped close to the neckline on the double top as this was the first target area. let the stock go for a bit being only the second time i tried this setup. After review, entry on 1 minute chart would have been better entry point and better position size (trade coulda been $150+ easy). Providing the maximum risk to reward entry. I waited til after candle had broke down past 9ema instead on 5 minute chart.

Set stop just below 304, just above the top of the second peak. Moved stop down after stock dropped, to new resistance level.

$spy was breaking range towards the up side during this trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-10 10:57:19	NFLX	sell	$301.850	short
2013-10-10 11:23:31	NFLX	buy	$302.900	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=637409&end=20131109&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=637409&end=20131010134331&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=637409&end=20131010121531&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=637409&end=20131010114431&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}