ACT Trade on Mar 3, 2014 09:57 from Markmandy54: Tradervue User Stock Trades.

Daily extended, shorted retest of previous day lows and falling MA's. Tight stop of -.75, Target +4 but started to look like it was flagging so took off for tiny gain. Although would not have been stopped and target was hit, it was not a high probable trade and i believe i should have passed.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-03-03 09:57:32	ACT	sell	$218.650	short
2014-03-03 10:39:07	ACT	buy	$218.230	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ACT&trade=866740&end=20140303112507&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ACT&trade=866740&end=20140303125407&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ACT&trade=866740&end=20140303160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ACT&trade=866740&end=20140402&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jmoscate_BOWS

2014-03-04 08:33:22

It already had broken down on the daily the previous day. Can I ask how did you interpret the info? Always interested in hearing a different POV. thanks mark!

Markmandy54

2014-03-04 08:47:05

Here's what i saw and why i was looking for a rollover/PB
http://i.imgur.com/4h91jf0.png When price did rollover like intended and started to form a bull flag, i took off.

Here's an example of what i was looking for where it played out (and very nicely i might add): GMCR: http://i.imgur.com/9ZrZVwl.png

ACT Trade on Mar 3, 2014 09:57 from Markmandy54: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax