IPCI Trade on Nov 20, 2013 09:43 from meiky_BOWS: Tradervue User Stock Trades.

i enter the long position after it breaks the consolidation, and exit 20 cents. I think I have to work on how to exit. Most of the time it is very early while I guess actually the party just begins when the time I exit.. :(

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-11-20 09:43:58	IPCI	buy	$5.530	long
2013-11-20 09:43:58	IPCI	buy	$5.530	long
2013-11-20 09:45:28	IPCI	sell	$5.730	long
2013-11-20 09:45:28	IPCI	sell	$5.730	long
2013-11-20 09:45:29	IPCI	sell	$5.730	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=IPCI&trade=719297&end=20131220&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=IPCI&trade=719297&end=20131120104529&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=IPCI&trade=719297&end=20131120121529&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

nugrahaa

2013-11-20 11:04:42

This is a very nice chart and run up, i wish i pick this one to play today...

5.6 is the key resistance after the entry point.
You got good entry, since it is below 5.6.
When 5.6 broken out, most likely price will run up... this moment can change stop loss to 5.6 (to make sure no capital loss).

Now, watch if each completed candle make higher low - this way you can easily reach Sell target at opening hi 5.98.
Let say you only sold half position and want to push it higher, keep watching, in this case you will see it stop making higher low at 6.15 (ard 9:54am). At this moment you can get ready to sell, ie. 6.2 is very achieveable.

Nape_BOWS

2013-11-20 17:43:29

Agree with Nugrahaa!

meiky_BOWS

2013-11-21 12:40:49

^o^ .. thanks for the coaching..

IPCI Trade on Nov 20, 2013 09:43 from meiky_BOWS: Tradervue User Stock Trades.

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