MTG Trade on Oct 16, 2013 14:24 from acelaw2000_BOWS: Tradervue User Stock Trades.

Shared by
acelaw2000_BOWS

GAP UP 52 WEEK HIGH DAY TRADE

Lined up on 5 min chart, intraday flag and daily chart was 52 week high.

Entry on break of intraday flag just above the 9ema. Went big here with small stop. after stock double topped exited. probably not a good spot, gotta look for a better base or consolidation, especially when going big.

Set stop at recent low on 5 min chart.

$spy cracked thru support of a double top neckline.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-16 14:24:59	MTG	buy	$8.350	long
2013-10-16 14:29:36	MTG	sell	$8.280	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MTG&trade=647610&end=20131115&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MTG&trade=647610&end=20131016160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MTG&trade=647610&end=20131016155936&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MTG&trade=647610&end=20131016145736&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-10-16 18:05:42

not a clean setup there.. flag action was at the open.

MTG Trade on Oct 16, 2013 14:24 from acelaw2000_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax