ACAD Trade on Oct 10, 2013 12:46 from tomr_BOWS: Tradervue User Stock Trades.

Daily setup: bounce play
Intraday setup: flag b/o
Entry: $22.85 (200 shares)
Stop: $22.65
1st target: $23.25 for R/R ratio of 2:1
P/L: -$40
Waited for intraday setup in the afternoon. Took the trade when flag got broken and stock broke 50DMA at $22.50 on daily chart. Volume came in for only one candle and then faded. Got stopped out at my stop loss. I also failed to notice that there was resistance at $23 that's shown on the daily chart. Was no longer trading late afternoon due to work to catch the run-up in the last hour.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-10 12:46:15	ACAD	buy	$22.849	long
2013-10-10 13:00:29	ACAD	sell	$22.650	long
2013-10-10 13:00:29	ACAD	sell	$22.650	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ACAD&trade=637615&end=20131109&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ACAD&trade=637615&end=20131010160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-10-11 07:20:00

Chase the entry right near resistance

markmandy54_BOWS

2013-10-11 09:16:52

I thought that day long flag would go too.

ACAD Trade on Oct 10, 2013 12:46 from tomr_BOWS: Tradervue User Stock Trades.

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