WDAY Trade on Feb 27, 2014 09:32 from Markmandy54: Tradervue User Stock Trades.

ORB looked golden, put stop under ignitor bar candle and got wicked out. Stop -.80, Target +3, +5. Both targets did hit but i entered too quick.

Trade 2: Flag p/b to VWAP/9. Started to go and then rolled so took of as didn't get the volume or push like should. This too ended up working out after 1 more pullback under the 9EMA.
I am finding the right vehicles, i'm finding the right setups, i am just struggling executing them well.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-27 09:32:08	WDAY	buy	$106.650	long
2014-02-27 09:33:47	WDAY	sell	$105.880	0
2014-02-27 10:32:06	WDAY	buy	$110.000	long
2014-02-27 10:41:54	WDAY	sell	$110.100	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WDAY&trade=859257&end=20140227111954&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WDAY&trade=859257&end=20140227124654&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=WDAY&trade=859257&end=20140227160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=WDAY&trade=859257&end=20140329&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jco1987_BOWS

2014-02-27 13:35:10

Twice in the same trade! duuuuude, that's rough. I understand why you bailed both times though

jco1987_BOWS

2014-02-27 15:01:01

The 30 and 15 min charts would've helped you time your entry. I've noticed that checking the 15 keeps me out of trouble on these flags sometimes. Just a thought!

Sayed

2014-02-27 19:31:32

Only entry i see on this is here: http://prntscr.com/2wglfg

jco1987_BOWS

2014-02-27 19:37:27

Sayed if you hadn't seen the any of the candles after marks 2nd entry would you still have drawn the trendLine like you did? I'm curious because I'm terrible at timing these flag breaks. What's your go to signal for when its ready?

Sayed

2014-02-27 19:47:05

@jco1987- I would have missed/passed the open as this stock has a big range. I would have waited for pull back and proper flag to form. Marks second entry was ok but i probably would have stopped out as he was. But I would have gotten back in again with more size as soon it gets back over that 9EMA/Flag break after that shake.http://prntscr.com/2wgpoo

Markmandy54

2014-02-27 19:54:47

Thank you so much Sayed for the critique as this is the T/L i saw that bounced off the rising 9EMA and looked like the killer setup to me:
http://i.imgur.com/js9q2RG.png

and got stopped on the roll over. I notice often i have to keep inching out my trendlines.

jco1987_BOWS

2014-02-27 23:17:03

Thanks Sayed! That makes sense. Mark, I guess you just had to realize you were early and re-hit it when the bigger pattern formed. I know that's tough tho...that comes down to understanding that each trade is unique from all others.

WDAY Trade on Feb 27, 2014 09:32 from Markmandy54: Tradervue User Stock Trades.

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