GMCR Trade on Feb 20, 2014 09:36 from Markmandy54: Tradervue User Stock Trades.

Daily looked SEXY. Got in on mini high and tight pattern as opening drive was strong. Stop under MA and midpoint of candle -.75. Target +2, +3 and swing some. Got stopped as pattern that got me in was violated however everything was aligning beautifully so kept on screen. Missed the P/B to previous day close (and 50MA on 5min) and tried a few entries but didn't want to chase and missed it. Dang i missed the obvious P/B setup. Still have a disconnect of seeing the obvious setup about 10 minutes after it hits.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-20 09:36:29	GMCR	buy	$119.800	long
2014-02-20 09:47:04	GMCR	sell	$119.050	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=GMCR&trade=848892&end=20140220104304&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=GMCR&trade=848892&end=20140220121204&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=GMCR&trade=848892&end=20140220160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=GMCR&trade=848892&end=20140322&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

PHILnomenal

2014-02-20 18:43:39

Jump back in my man...quick P/B to the 9/20ema and pushed right back above the VWAP....hit that shiz. lol

jmoscate_BOWS

2014-02-20 19:46:53

It is a good entry for an ORB. Nothing wrong at all with your entry. But do keep an eye on it bc the volume pattern is beautiful.

EL_BOWS

2014-02-20 22:14:27

Good attempt -- I don't like the pullback though, it lacks one of the characteristics: orderly. There were some wickity wicks in that pullback. If I was watching this, I might've been in at 10:10 after it opened green, but I may have talked myself out of it because it was the 4th consecutive green.

ckz8780

2014-02-20 22:14:58

I recommend you don't trade this type of setup - it never seems to work for you and it never works for me either. When you see a big opening candle like that, let the thing set up for 20-30 minutes. You'll find much cleaner/lower risk setups

GMCR Trade on Feb 20, 2014 09:36 from Markmandy54: Tradervue User Stock Trades.

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