LITB Trade on Jan 6, 2014 10:11 from Rashod81_BOWS: Tradervue User Stock Trades.

I thought LITB was basing/ flagging for a quick break in its continuation so I entered with my stop directly below the break out level. No dice. But you gotta love stops! I treat 'em like seat belts; if I get caught without one I'm likely to get a ticket, and I don't like paying fines for easily preventable offenses. Ya feel me?!?!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-06 10:11:37	LITB	buy	$9.570	long
2014-01-06 10:20:19	LITB	sell	$9.470	long
2014-01-06 10:20:19	LITB	sell	$9.510	long
2014-01-06 10:20:19	LITB	sell	$9.470	long
2014-01-06 10:20:19	LITB	sell	$9.510	long
2014-01-06 10:20:19	LITB	sell	$9.500	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=LITB&trade=770843&end=20140205&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=LITB&trade=770843&end=20140106124519&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=LITB&trade=770843&end=20140106111619&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2014-01-06 17:40:45

this flag wasnt clean on 5 minute... the 5minute is used if u want larger % gains with looser risk on charts. 2 minute is more for the 20cent scalps so if u trade 2min u got to take the gains quick as the patterns are meant for quicker moves. the 5min flag was choppy so it wanst gonna give us a big gain

Rashod81_BOWS

2014-01-06 17:51:56

Wow, it looked clean to my untrained eye. The candles seem to get tighter as time goes on. What exactly makes this an unclean flag?

LITB Trade on Jan 6, 2014 10:11 from Rashod81_BOWS: Tradervue User Stock Trades.

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