MHR Trade on Feb 18, 2014 09:34 from Spartan_Trader: Tradervue User Stock Trades.

Flat top breakout on the daily with no resistance overhead and high relative volume.
I entered at the open with no intraday setup in mind as I thought that once it went over the b/o spot at 8.81 it would run. I placed a stop at 8.63 for a .33 risk.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-18 09:34:18	MHR	buy	$8.960	long
2014-02-18 11:34:18	MHR	sell	$9.090	long
2014-02-18 11:36:36	MHR	sell	$9.070	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MHR&trade=846725&end=20140320&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MHR&trade=846725&end=20140218132636&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MHR&trade=846725&end=20140218115636&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Gena_BOWS

2014-02-19 07:41:42

Risky trading into the first candle of the day, without a clear set up. Can easily go south. but glad it worked out for you. Just be sure you have a quick stop on these types of plays (which sounds like you did :), to reduce your risk at the outset. Probably would have sold first piece into that pop around 9.

MHR Trade on Feb 18, 2014 09:34 from Spartan_Trader: Tradervue User Stock Trades.

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