IPCI Trade on Nov 26, 2013 10:44 from Lenny2013_BOWS: Tradervue User Stock Trades.

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Lenny2013_BOWS

Entered on Flag after some confirmation. Pattern reversed and was "SL"out. I did set a tighter "SL" but spike took me out!

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-11-26 10:44:22	IPCI	buy	$4.550	long
2013-11-26 10:44:22	IPCI	buy	$4.550	long
2013-11-26 10:44:22	IPCI	buy	$4.550	long
2013-11-26 10:44:22	IPCI	buy	$4.550	long
2013-11-26 10:49:40	IPCI	sell	$4.410	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=IPCI&trade=727495&end=20131226&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=IPCI&trade=727495&end=20131126131940&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-11-26 19:14:49

Bought to close to HOD resistance level. Stock need to base for a while after the big move. Easy money was early morning.

Lenny2013_BOWS

2013-11-26 19:54:41

What do you mean by HOD resistance. I thought it was Flagging?
Thanks for insight!

Nape_BOWS

2013-11-26 23:42:55

Price - HOD (High of Day), LOD (Low of Day)

When entering a stock near the high of day, its a good chance it could fail if the setup is not strong enough on all time frames.

Lenny2013_BOWS

2013-11-27 19:52:50

Thanks Nape I will keep all time frames in mind.

IPCI Trade on Nov 26, 2013 10:44 from Lenny2013_BOWS: Tradervue User Stock Trades.

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