XNET Trade on Jan 9, 2018 09:51 from Emilie_BOWS: Tradervue User Stock Trades.

Execution detail:

Date/time	Symbol	Side	Price	Position
2018-01-09 09:51:31	XNET	buy	$20.400	long
2018-01-09 10:29:58	XNET	sell	$21.700	long
2018-01-09 11:01:50	XNET	buy	$21.400	long
2018-01-09 11:52:51	XNET	sell	$22.650	long
2018-01-09 14:46:29	XNET	sell	$22.600	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=XNET&trade=6491617&end=20180208&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=XNET&trade=6491617&end=20180109160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=XNET&trade=6491617&end=20180109160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=XNET&trade=6491617&end=20180109160000&i=m10&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

VinnyB

2018-01-09 21:12:07

Hey Emilie,

I saw the second entry that you took in real time (Bull flag) but didn't get in because I was unsure of the bull flag pattern. What helps you to know that a certain pattern is good or not? I've been taking pictures and studying them and also just using higher timeframes too like the 15 and 30min to see how it looks on them as well which has helped differentiate between good and bad flags.

Emilie_BOWS

2018-01-17 00:14:19

The flag pattern on the 5m chart looks good to me because the breakout is strong and the pullback is shallow and orderly. If a stock has very deep pull back with big red candles I would be more cautious. If I remember right, the consolidation was right above the 9EMA and fairly close to the VWAP.

However, don't forget that the context is more important than the visual pattern of a very small portion of price action on the 5m chart.
Context:
- XNET has been a very strong momentum ticker.
- Daily and 30m chart also support a potential continuation breakout: one day big breakout followed by 2 days rest, tight consolidation the HOD of breakout day.

I was actually a bit concerned about taking the trade because I thought the pullback was a bit too short (too little time) and shallow for such a big breakout. That meant it was still very extended and might not be ready for a secondary move. There was some space between the consolidation range and the VWAP. That made it difficult to have a tight stop. However, I still took the trade as the context was very good.

XNET Trade on Jan 9, 2018 09:51 from Emilie_BOWS: Tradervue User Stock Trades.

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