SHOR Trade on Nov 6, 2013 09:50 from markmandy54_BOWS: Tradervue User Stock Trades.

Great high/tight daily flag. Bought in pattern close to apex as 9eMA caught up. Stop -.05, Target +.15 and looking for push over 8. Ran +.07 and didn't take partial as volume was coming in and again, if took partial would only be at 1R skewing my R:R. Ended up rolling and stopping me for max loss.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-11-06 09:50:42	SHOR	buy	$7.820	long
2013-11-06 10:56:51	SHOR	sell	$7.780	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SHOR&trade=701755&end=20131206&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SHOR&trade=701755&end=20131106160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SHOR&trade=701755&end=20131106130651&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SHOR&trade=701755&end=20131106113451&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

mirko_BOWS

2013-11-06 14:54:30

It was a great setup on the daily and awesome entry on the intraday 5 min (almost perfectly aligned with the 30min as well) but it just did not work and this stock in general is not a big mover (besides that $1 green day on the gap up) most of the time.

iStryker_BOWS

2013-11-06 20:20:54

nice alignment on 30min http://www.screencast.com/t/llnlJAG54S. The stock broke through and came back and tapped the trend (7.75). I wouldn't trade this stock theres not enough volume. Look at the 30min chart. I would keep this stock on watch though if it breaks it flag

markmandy54_BOWS

2013-11-06 23:18:51

Nice eye Istryker, not many people look at the 30 and i find it extremely valuable. Also the 50MA met at the apex on the 30 min, liked the basing on the 5 as well so the risk warranted a shot for me. My alert has been reset but looks like this market overall maybe getting ready for a nice pullback.

SHOR Trade on Nov 6, 2013 09:50 from markmandy54_BOWS: Tradervue User Stock Trades.

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