BIDU Trade on Feb 13, 2014 09:53 from Markmandy54: Tradervue User Stock Trades.

Extended run into 50MA on daily and resistance zone as well. Took 1/2 position, stop -.25, Target +1, +1.50. Took off early. Need to to let stop or target take me out.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-13 09:53:48	BIDU	sell	$168.800	short
2014-02-13 10:00:10	BIDU	buy	$168.000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BIDU&trade=840170&end=20140213105810&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BIDU&trade=840170&end=20140213122510&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=BIDU&trade=840170&end=20140213160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=BIDU&trade=840170&end=20140315&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

PHILnomenal

2014-02-13 17:34:12

WOW what an entry Mark!

EL_BOWS

2014-02-13 18:15:47

Wow. That's some guts on that entry! No red to show, and you nailed it.

jmoscate_BOWS

2014-02-13 19:08:27

wow! nailed it! Did you fully base yourself on the 50MA?

bbman

2014-02-14 01:13:39

nice entry!

Markmandy54

2014-02-14 23:24:39

This one was pretty simple,
1 - Ran 5 points in a straight line
2- with consecutive lower volume bars which showed buyers needed a break,
3- 170 on daily was some great resistance
4- which also coincided with the falling 50MA on daily.
Anytime i see multiple T/F line up, that heightens the probability, and when I have 4 factors all coming in play, that's an incredibly high probability especially with a 4:1 RR.

jmoscate_BOWS

2014-02-14 23:35:17

well played my friend!

BIDU Trade on Feb 13, 2014 09:53 from Markmandy54: Tradervue User Stock Trades.

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