Shared by
Rashod81_BOWS
I have been warned, "Stay out of lunch time trades!" This time I got popped in the mouth for not listening. Was watching the 5 min chart for flag entry...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-03 11:58:54 | CHNR | buy | $10.030 | long |
| 2014-01-03 11:58:54 | CHNR | buy | $10.030 | long |
| 2014-01-03 11:58:54 | CHNR | buy | $10.030 | long |
| 2014-01-03 11:59:02 | CHNR | buy | $10.300 | long |
| 2014-01-03 11:59:30 | CHNR | buy | $10.240 | long |
| 2014-01-03 11:59:55 | CHNR | buy | $10.250 | long |
| 2014-01-03 12:01:13 | CHNR | sell | $9.910 | long |
| 2014-01-03 12:01:13 | CHNR | sell | $9.910 | long |
| 2014-01-03 12:01:13 | CHNR | sell | $9.980 | long |
| 2014-01-03 12:01:14 | CHNR | sell | $9.945 | long |
| 2014-01-03 12:01:15 | CHNR | sell | $9.910 | long |
| 2014-01-03 12:01:16 | CHNR | sell | $9.910 | long |
| 2014-01-03 12:01:22 | CHNR | sell | $10.000 | long |
| 2014-01-03 12:01:23 | CHNR | sell | $9.950 | long |
| 2014-01-03 12:01:23 | CHNR | sell | $9.950 | long |
| 2014-01-03 12:01:24 | CHNR | sell | $9.940 | long |
| 2014-01-03 12:01:24 | CHNR | sell | $9.940 | long |
| 2014-01-03 12:01:24 | CHNR | sell | $9.930 | long |
| 2014-01-03 12:01:27 | CHNR | sell | $9.950 | 0 |
| 2014-01-03 12:13:04 | CHNR | buy | $10.430 | long |
| 2014-01-03 12:13:04 | CHNR | buy | $10.450 | long |
| 2014-01-03 12:13:04 | CHNR | buy | $10.450 | long |
| 2014-01-03 12:22:52 | CHNR | sell | $10.420 | long |
| 2014-01-03 12:22:56 | CHNR | sell | $10.420 | long |
| 2014-01-03 12:23:11 | CHNR | sell | $10.420 | long |
| 2014-01-03 12:23:13 | CHNR | sell | $10.250 | 0 |
Comments
Rashod81_BOWS
My man Billy! Thank you for help and attention, much respect!
The first flag you drew, absolutely yes!
The second flag, not so much seeing as how the flag retraced the entire pole.
The third flag, I do like your vision with that one. That was a great catch. I will definitely be on the lookout for those longer term flags. But I would have gotten stopped out shortly thereafter on that one.
gregr
Billy - FYI, you can add moving averages to Tradervue charts; you just need to be on the silver or gold plan to do so.
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Rashod, I'm not a vet or a Pro, but I'd like to participate in this discussion in an effort to help you, and to help myself at the same time. As I see a flag forming I draw a trend line, and I add an alert when the trend line is broken. 1st thing to remember is that not "ALL" flags will break, and/or hold when they do break. Your doing a lot of things very well to have had so many failed attempts but to come out green none the less.
Traderue charts are not my favorite to look at, without Moving Averages and the buy sell symbols cover things. I've included an intra day chart with your entries and 3 flags I would have entered on when they broke. http://screencast.com/t/47mjfEOLv
Your 11:58 entry is to early no real flag had formed or been broken. I can see your thoughts on your 12:13 entry but the candle that broke the flag is bearish.
The flag I drew, 1st flag and flag break is the cleanest, best, which is usually the case. The 2nd flag break seams tricky to (still playable) me because the flag break is at or under the short term ma's. The 3rd flag break doesn't offer much upside which again we were taught is often the case.
Lets go look at your next trade.