NFLX Trade on Feb 5, 2014 11:21 from EL_BOWS: Tradervue User Stock Trades.

The hell happened here? Looked like a bear flag; waited for it to fail the MA and start back down. Shorted when it did. Immediately reversed and spiked.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-05 11:21:26	NFLX	sell	$399.840	short
2014-02-05 11:28:30	NFLX	buy	$401.370	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=830110&end=20140307&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=830110&end=20140205135830&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=830110&end=20140205160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

BillySee_BOWS

2014-02-05 18:23:24

I don't see any setup that BOWS has taught? I great long entry would have been where you exited your short. BUT I don't trade $NFLX it's way too pricey for an account the size of mine, Unless I felt it would be worth 20 or 30 shares. This thing moved over $4.00 in 1 candle at 11:00. Would be great on the upside but catch the wrong end of that and OUCH.

Sayed

2014-02-05 19:38:39

This is one of those 1-2-3 reversal setup. Entry was where you exited.

EL_BOWS

2014-02-06 09:02:38

@BillySee: it looked like a bear flag: big pole down, coiling up (smaller, tighter candles) under the MA. Bought in anticipation.

@Sayed: so easy to see after the chart is done! :) Any indication that the previous red candle is bottom? To me, it looked like a bear flag.

NFLX Trade on Feb 5, 2014 11:21 from EL_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax