MEOH Trade on Jan 15, 2014 14:43 from PeytonKP_BoWS: Tradervue User Stock Trades.

Was going to what looked to be an EOD run. Had decent volume behind the entry but then sold off on even greater volume afterwards.

Was extended on the daily, I think it just simply ran out of gas.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-15 14:43:57	MEOH	buy	$60.280	long
2014-01-15 14:44:00	MEOH	buy	$60.280	long
2014-01-15 14:44:16	MEOH	buy	$60.270	long
2014-01-15 14:44:16	MEOH	buy	$60.270	long
2014-01-15 14:55:56	MEOH	sell	$60.101	long
2014-01-15 14:55:56	MEOH	sell	$60.105	long
2014-01-15 14:56:00	MEOH	sell	$60.101	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MEOH&trade=789347&end=20140214&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MEOH&trade=789347&end=20140115160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-01-15 15:44:53

Your entry was a chase. You bought the 4th green candle. No setup there.
Daily chart is not extended. Its only the second up day.

PeytonKP_BoWS

2014-01-15 22:10:27

I bought as it was breaking its consolidation, If I bought within the range I wouldnt have had any confirmation that it was going to make a move?

PeytonKP_BoWS

2014-01-15 22:11:22

I do agree that I chased a few cents tho, a better entry would have been 60.25

MEOH Trade on Jan 15, 2014 14:43 from PeytonKP_BoWS: Tradervue User Stock Trades.

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