Shared by
Rashod81_BOWS
I tried my hand at this one several times. The first one was an anticipated pullback. After I realized I entered too early I kept asking myself, "Would you enter this trade at this point?" Each time the answer was yes, so I decided to hold on. Once I saw it break down more, I decided to close so that I could get a better entry.
I reentered for a second time and it broke down again.
Then I gave it one last shot. I saw that the 34.40 level held up as support for a moment before it broke through, so I entered around that area and set my hard stop right below it. I crapped out three times straight.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-31 10:03:49 | UIS | buy | $34.640 | long |
| 2014-01-31 10:03:49 | UIS | buy | $34.640 | long |
| 2014-01-31 10:03:56 | UIS | buy | $34.690 | long |
| 2014-01-31 10:25:28 | UIS | sell | $34.250 | 0 |
| 2014-01-31 10:25:59 | UIS | buy | $34.240 | long |
| 2014-01-31 10:26:01 | UIS | buy | $34.230 | long |
| 2014-01-31 10:26:01 | UIS | buy | $34.230 | long |
| 2014-01-31 10:26:54 | UIS | sell | $33.940 | long |
| 2014-01-31 10:26:54 | UIS | sell | $33.930 | long |
| 2014-01-31 10:26:54 | UIS | sell | $33.930 | 0 |
| 2014-01-31 10:35:37 | UIS | buy | $34.440 | long |
| 2014-01-31 10:35:37 | UIS | buy | $34.450 | long |
| 2014-01-31 10:35:37 | UIS | buy | $34.450 | long |
| 2014-01-31 10:35:37 | UIS | buy | $34.450 | long |
| 2014-01-31 10:39:30 | UIS | sell | $34.390 | long |
| 2014-01-31 10:39:30 | UIS | sell | $34.390 | long |
| 2014-01-31 10:39:31 | UIS | sell | $34.380 | long |
| 2014-01-31 10:39:31 | UIS | sell | $34.390 | 0 |
Comments
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Given how the general market has been it better just wait for it until the setup just come to u.This one ideal entry was 34.40 after that big red candle and went below 9 EMA, then reversed right away with a green candle creating a Bullish Engulfing pattern.