OPTT Trade on Feb 11, 2014 10:41 from oly_BOWS: Tradervue User Stock Trades.

vwap/9ema bounce called out by @Jude. I got in as it formed a green candle and the next broke above

stop: 3.44 - tight

Felt like it was acting wrong, covered it when it broke vwap

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-11 10:41:28	OPTT	buy	$3.640	long
2014-02-11 10:53:40	OPTT	sell	$3.530	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=OPTT&trade=837424&end=20140313&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=OPTT&trade=837424&end=20140211131840&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

PHILnomenal

2014-02-11 15:20:33

nice P/B play, waited for 2nd green candle confirmation.....nice. Sucks this didn't work out.

EL_BOWS

2014-02-11 23:26:26

This shot up almost 50% of the stock price in 30 minutes... it needed to chill out. Even when the p/b looks like low volume, it's still WAY up.

oly_BOWS

2014-02-12 07:26:48

Definitely extended, I should look for that or maybe use fib levels to make sure the p/b isn't too shallow on these huge runups

I'm going to review all my pb trades this weekend to see what the weak points are.

EL_BOWS

2014-02-12 09:12:32

Still, the entry wasn't bad and it definitely looked like a pullback, I just wanted to point that out as it's something I'm working on myself (realizing when stocks are just crazy extended even if the patterns look valid).

OPTT Trade on Feb 11, 2014 10:41 from oly_BOWS: Tradervue User Stock Trades.

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