TSLA Trade on Feb 20, 2014 10:00 from Markmandy54: Tradervue User Stock Trades.

Great gapper on earnings/news/ etc. WAited for consol and was at apex of pattern holding 212. Long with stop -1, Target +2.50, and see if rest runs. Quick stop out and missed the reversal to short.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-20 10:00:49	TSLA	buy	$212.640	long
2014-02-20 10:02:14	TSLA	sell	$211.600	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=848895&end=20140220110214&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=848895&end=20140220123214&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=848895&end=20140220160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=848895&end=20140322&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

bbman

2014-02-20 16:17:14

pattern loose. anticipated entry.
I actually don't see an entry there, but the stock couldn't get above the VWAP, which acted as resistance and squeezed the price down.
http://screencast.com/t/G39NOp1pGpD
http://screencast.com/t/7pEnBiO0M5l

Wondering what your chart looked like during the day?

charlesk_BOWS

2014-02-20 17:05:55

I was playing this one this week.. made $600 Monday, then lost it on Tuesday, so I stayed away from it today,
not bad attempt and good exit

PHILnomenal

2014-02-20 18:40:26

What bbman said. I would've actually shorted this when it dropped right under the VWAP after the gap up and then couldn't get back above. A lot of times when it happens they'll retrace close to the 9ema, at least, before making a move back to retest. That or if you're gonna long wait for the MA to catch up.

Markmandy54

2014-02-20 20:38:57

Here's what i saw, line that with the raised guidance and killer earnings.

http://i.imgur.com/M0zlNuR.png

PHILnomenal

2014-02-20 20:54:30

@Mark...weird, the candle placement on my TC2000 chart is slightly dif't, especially with the last two candles. I understand why you took the position you did based on your chart.

http://prntscr.com/2udmhj

EL_BOWS

2014-02-20 22:05:03

I don't use the VWAP, but when I saw this getting killed on the open, I started thinking short. I tried to short it later on, but ToS had no shares to borrow. I can see how you thought long here though -- huge gap up, stock making higher lows.

ckz8780

2014-02-20 22:12:21

I don't see any setup on this. Flags that are started with a huge gap are usually not as powerful in my experience. Need a flag that starts w/ a big fat flagpole! a gap is not the same as a flag pole as it is more likely to cave since there were no buyers there.

TSLA Trade on Feb 20, 2014 10:00 from Markmandy54: Tradervue User Stock Trades.

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