DRC Trade on Feb 18, 2014 09:52 from Markmandy54: Tradervue User Stock Trades.

Gap down and tapping 53. Short with stop -.30, Target +1, +1.50 as looked heavy. Wouldn't break down and ended up breaking out. Great R:R and looked primed to roll, think this was a great trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-18 09:52:01	DRC	sell	$53.150	short
2014-02-18 09:55:51	DRC	buy	$53.410	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=DRC&trade=846902&end=20140218105551&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=DRC&trade=846902&end=20140218122551&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=DRC&trade=846902&end=20140218160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=DRC&trade=846902&end=20140320&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

daniel_lopez_BOWS

2014-02-19 00:10:42

this got us.

Markmandy54

2014-02-19 00:12:29

Ya but was well worth the price of admission, great gap down, gorgeous bear flag chewing away at 53. I'd take this 10 times outta 10. Great find man!

mick9800_BOWS

2014-02-19 06:39:31

I took the same trade Mark but on reflection I felt that the first 5 min hammer candle was a red flag. What are your thoughts on this?

Markmandy54

2014-02-19 08:32:45

Had crazy volume and buyers pushed the sellers right back, however gave a great little flat bottom B/D on the 2 min chart. I think it was a good attempt.

Gena_BOWS

2014-02-19 08:33:49

Tough break for sure. Only comment - on these, maybe it's best to wait for confirmation, in this case solidly below the VWAP? Or solidly below that 53 mark instead of bouncing around it? I dunno, just thinking out loud......

DRC Trade on Feb 18, 2014 09:52 from Markmandy54: Tradervue User Stock Trades.

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