Shared by
jmoscate_BOWS
Play #1: Flag..sort of
Bad first entry but I saw the volume coming and thought it could take it to new highs but failed.
Play #2: flag break out
it broke out but didn't go anywhere. Just got stopped out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-04 10:33:18 | BEAT | buy | $9.610 | long |
| 2014-02-04 10:33:18 | BEAT | buy | $9.610 | long |
| 2014-02-04 10:33:18 | BEAT | buy | $9.610 | long |
| 2014-02-04 10:43:59 | BEAT | sell | $9.570 | long |
| 2014-02-04 10:43:59 | BEAT | sell | $9.570 | 0 |
| 2014-02-04 11:07:25 | BEAT | buy | $9.800 | long |
| 2014-02-04 11:19:09 | BEAT | sell | $9.590 | 0 |
Comments
Sayed
I was looking at this chart where u did bit i have 0 conviction on break out in this market.
jj_BOWS
I think your first sell was a bit too early on this one. The 9ema hadn't been crossed yet and it was still sitting above the VWAP. Price did fall below the 9ema but quickly turned green and then held. Maybe your stop was too tight on this first one?
2nd buy at $9.80 the stochastic were on the upper end of the scale - possible sign of topping out. If you had used the 21 cent stop that was on the 2nd trade for your 1st trade this one would have turned out a bit different. (Hindsight being 20/20 of course.) Keep at it it.
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Looked good on the intraday pattern, just didn't work, nice stops.