MGM Trade on Dec 11, 2013 10:02 from johnc_BOWS: Tradervue User Stock Trades.

First entry was a continuation of the previous day's bear flag. I thought I had enough conformation (plus the market was coming down) so I shorted this. Turns out there was still some buying pressure for this stock.

2nd entry could have been a lot better. The best setups have a longer base. These wasn't quite a good reason for e to take it when I took it.

I really need to get into the habit of waiting for a longer base to form before entering a stock.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-11 10:02:08	MGM	sell	$20.755	short
2013-12-11 10:13:35	MGM	buy	$21.050	short
2013-12-11 10:13:35	MGM	buy	$21.040	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MGM&trade=742999&end=20140110&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MGM&trade=742999&end=20131211123835&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MGM&trade=742999&end=20131211160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MGM&trade=742999&end=20140510&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

markmandy54_BOWS

2013-12-15 21:52:03

I see the daily resistance up there around 21. The thing that catches my eye though was there was no convincing selling volume before you entered, the volume was actually quite dead compared to what would be expected at a daily resistance level rejection.

MGM Trade on Dec 11, 2013 10:02 from johnc_BOWS: Tradervue User Stock Trades.

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