WMB Trade on Feb 20, 2014 14:44 from Spartan_Trader: Tradervue User Stock Trades.

P&L: -$6
Intraday flag

I was watching this stock on the 5 min chart, it was consolidating and the 9ema was converging below. As soon as I got in it began to fade. =/

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-20 14:44:39	WMB	buy	$42.320	long
2014-02-20 14:58:33	WMB	sell	$42.260	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WMB&trade=849421&end=20140322&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WMB&trade=849421&end=20140220160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-02-20 18:49:59

The first pullback is always the play you want to play. Anything after that will make it a tricky trade.http://screencast.com/t/S2ho57b5MnA4

Sayed

2014-02-20 19:13:48

Agree with Nape.

ckiptrader

2014-02-20 21:26:48

On the daily there was a clear flag with a down trending line, WMB bounced right off the 20 day ma on its open and then pushed right through the down trending line around 40.75 to 41 area with volume

WMB Trade on Feb 20, 2014 14:44 from Spartan_Trader: Tradervue User Stock Trades.

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