PRTA Trade on Feb 20, 2014 15:07 from EL_BOWS: Tradervue User Stock Trades.

Where did THAT candle come from?

Bought on break of heavy price resistance. Covered partial for profits as it rounded over. Rest stopped out in that one elephant trunk candle.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-20 15:07:33	PRTA	buy	$29.510	long
2014-02-20 15:41:27	PRTA	sell	$29.810	long
2014-02-20 15:48:56	PRTA	sell	$29.640	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PRTA&trade=849256&end=20140322&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PRTA&trade=849256&end=20140220160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PRTA&trade=849256&end=20140220160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

PHILnomenal

2014-02-20 18:04:52

nice quick scalp.

jmoscate_BOWS

2014-02-20 19:50:33

Nice entry! Thin stock though

silverholden

2014-02-20 21:15:21

Great entry. While that candle is scary, I think I would have set a stop above my buy price but below the MA's. This never broke the 20 EMA, and you could have held on for the bounce.

EL_BOWS

2014-02-20 21:40:08

@MikeW -- Usually, that's what I do, but toward the end of the day, I move my stops up. My stop was actually at the 9EMA, but my fill was lower (as you can see).

Markmandy54

2014-02-20 22:06:55

Nice intraday entry

PRTA Trade on Feb 20, 2014 15:07 from EL_BOWS: Tradervue User Stock Trades.

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