WUBA Trade on Jan 3, 2014 10:35 from BillySee_BOWS: Tradervue User Stock Trades.

I entered on a flag break but didn't wait for conformation, result was the flag broke down instead of up.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-03 10:35:07	WUBA	buy	$40.550	long
2014-01-03 10:35:45	WUBA	buy	$40.550	long
2014-01-03 10:37:09	WUBA	sell	$40.620	long
2014-01-03 10:39:32	WUBA	sell	$40.510	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WUBA&trade=767337&end=20140202&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WUBA&trade=767337&end=20140103130932&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-01-03 17:21:11

No setup.

Nape_BOWS

2014-01-03 17:25:45

You have to consider the big run it just had; just because it goes sideways for a couple of candles does not make it a bull flag setup.

BillySee_BOWS

2014-01-04 08:36:32

Wow Thank you. I certainly read this as a Bull Flag. Thank you.

BillySee_BOWS

2014-01-04 08:41:38

I'm not fond of the TraderVue charts. Here is a screen shot of the way I read this play. I really appreciate what you've taught me here, because I THOUGHT I was seeing a pretty clean Bull flag.
http://screencast.com/t/WjOYnOli

Nape_BOWS

2014-01-04 10:39:04

Also notice how the ema's are not flatting out on your chart when you entered. You want them to start flatting out and curling up under the candles for bullish signs.

WUBA Trade on Jan 3, 2014 10:35 from BillySee_BOWS: Tradervue User Stock Trades.

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