CAMT Trade on Nov 25, 2013 10:02 from markmandy54_BOWS: Tradervue User Stock Trades.

Great gapper and P/B on lower volume holding the midpoint of ignitor candle. Stop -.20, Target +.40, +.70, look to swing rest. Zoomed in to 2min and noticed rolling over where it should have broken out thus making lower high. Took off early to minimize loss on failed pattern.

LESSON IN REVIEW: STILL IN P/B TREND WHEN ENTERED, TUFF CALL.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-11-25 10:02:19	CAMT	buy	$4.650	long
2013-11-25 10:16:56	CAMT	sell	$4.580	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CAMT&trade=724853&end=20131225&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CAMT&trade=724853&end=20131125160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=CAMT&trade=724853&end=20131125124156&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=CAMT&trade=724853&end=20131125111256&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-11-25 12:40:39

Good exit.

bjstrade9_BOWS

2013-11-25 22:27:07

Nice try, too bad no bounce off that pb, and way to get out of it.

markmandy54_BOWS

2013-11-26 01:32:45

Ya, learned from last weeks trades that when it couldn't muster a run back up to the highs, to bail early. I'm happy with this trade as nice stop, nice realistic target, when couldn't go, called it off.

johnc_BOWS

2013-12-01 17:37:16

Hmmm I'm not sure about your entry, my friend. Volume was off-- green bars never once got bigger than red. I've found that it's sometimes better to chase a little (for confirmation) than it is to enter a mediocre setup.

markmandy54_BOWS

2013-12-01 19:54:41

Ya, in review it was right thesis, wrong entry. I notice i keep having to change my trendlines as they appear obvious at first and then seem to get wider and wider. My entry was the break of the declining trendline once price bounced of 4.50 (and at the time the volume was green looking like it was going to come in, eventually on the 2 min that bar closed lower then open therefore becoming a red volume candle).
Loved that daily gap up but entry was off IMO.

CAMT Trade on Nov 25, 2013 10:02 from markmandy54_BOWS: Tradervue User Stock Trades.

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