MHR Trade on Jan 9, 2014 10:57 from ckz8780: Tradervue User Stock Trades.

Intraday flag break. This was a beauty! Alert triggered at $7.47 to alert me it was approaching the $7.54 daily breakout area. I waited for a solid intraday setup and took it on volume. Entry was very nice with a stop at $7.44 (10c or less risk). I scaled out half near 2R, 1/4 more just over 2R, and was shooting for an $8 target on the last 1/4 but it stalled just under it so I got out when downside volume showed up. I actually could have flipped this and shorted it right where I sold with a stop over $7.98, but hey, not bad anyway!

1000 shares
+$231.35 (4.51%)

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-09 10:57:45	MHR	buy	$7.540	long
2014-01-09 11:26:29	MHR	sell	$7.700	long
2014-01-09 11:33:15	MHR	sell	$7.800	long
2014-01-09 13:04:17	MHR	sell	$7.884	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MHR&trade=777996&end=20140208&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MHR&trade=777996&end=20140109145417&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MHR&trade=777996&end=20140109130417&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

JoJoTrades

2014-01-12 12:21:40

nice patience

markmandy54_BOWS

2014-01-14 23:19:19

Nailed that entry, great exits!!!!

MHR Trade on Jan 9, 2014 10:57 from ckz8780: Tradervue User Stock Trades.

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