ONTX Trade on Feb 20, 2014 09:45 from jmoscate_BOWS: Tradervue User Stock Trades.

Play: Break of resistance

I think I missed the ORB but 8 was a big level for some reason. As it broke 8, I entered the trade and had to be very very patient to wait for it to reach my target. Had a -5cent stop loss, so took some out at +10 cent. Sold rest at next target when I saw it wasn't going anywhere. Pretty happy with this trade as it took forever to flush a bit but I stuck to the rules and let it do what it had to do, whether I get stopped out or it reaches my target.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-20 09:45:26	ONTX	sell	$7.970	short
2014-02-20 09:46:53	ONTX	sell	$7.960	short
2014-02-20 09:46:53	ONTX	sell	$7.990	short
2014-02-20 09:46:53	ONTX	sell	$7.990	short
2014-02-20 09:46:53	ONTX	sell	$8.000	short
2014-02-20 10:15:38	ONTX	buy	$7.900	short
2014-02-20 10:19:00	ONTX	buy	$7.780	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ONTX&trade=849016&end=20140322&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ONTX&trade=849016&end=20140220123900&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Markmandy54

2014-02-20 18:11:34

Chased a bit.

PHILnomenal

2014-02-20 18:57:51

Dang this had a sweet ol' squeeze zone play later.

jmoscate_BOWS

2014-02-20 20:31:05

wow..I just realized i chased it 40cent. Not quite sure what I saw there.

ONTX Trade on Feb 20, 2014 09:45 from jmoscate_BOWS: Tradervue User Stock Trades.

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