FENG Trade on Oct 29, 2013 11:59 from johnc_BOWS: Tradervue User Stock Trades.

Number of tickets: 3

I put this on my watchlist for a rubberband snapback since it was so oversold. Also, the 9.00 area was a previous breakout level, so I thought it could bounce. FENG started flagging and coiled tightly, tapping that 9.61 range. I entered on the third tap, when it had coiled quite a bit. Set my stop around 9.49.

Instead of selling off into spikes, I sold off into what I thought might be resistance areas from the previous day. They turned out not to be. If I could do it over, I would monitor FENG more closely during its breakout and then sell into the tip of these spikes. (I wasn't watching it as closely as I should have).

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-29 11:59:42	FENG	buy	$9.629	long
2013-10-29 11:59:42	FENG	buy	$9.629	long
2013-10-29 12:17:52	FENG	sell	$9.820	long
2013-10-29 12:27:20	FENG	sell	$9.810	long
2013-10-29 12:27:30	FENG	sell	$9.800	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=FENG&trade=662550&end=20131128&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=FENG&trade=662550&end=20131029144730&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=FENG&trade=662550&end=20131029160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=FENG&trade=662550&end=20140328&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-11-06 17:31:32

Good play.

markmandy54_BOWS

2013-11-06 19:00:44

Nice entry and exits. You got this man. You living the dream.

FENG Trade on Oct 29, 2013 11:59 from johnc_BOWS: Tradervue User Stock Trades.

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