NFLX Trade on Mar 11, 2014 13:32 from EL_BOWS: Tradervue User Stock Trades.

Short on confirmation of triple tap ftbd. Immediately reversed.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-03-11 13:32:39	NFLX	sell	$439.900	short
2014-03-11 13:35:32	NFLX	buy	$440.950	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=887042&end=20140410&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=887042&end=20140311160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=887042&end=20140311160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-03-13 19:46:22

3 down candles in a row. To extended.

Nape_BOWS

2014-03-13 19:46:52

Wait for the bounce then put the hammer on it.

EL_BOWS

2014-03-13 22:00:11

I have a hard time establishing when something is too extended, and when it's a valid pattern. For example, when I took this trade, I thought that this is too extended, but it was a triple tap breakdown to new daily lows, so it might not rest. Especially cause this was only down $1.5, whereas in 3 candles NFLX can lose $3 no problem. What do you think when you see something like this that helps you determine if it's valid to enter or if it's overbought?

Nape_BOWS

2014-03-13 22:40:14

If a stock is down or up three candles in a row, I will not take the trade. I will wait for it to pullback and then determine my entry.

NFLX Trade on Mar 11, 2014 13:32 from EL_BOWS: Tradervue User Stock Trades.

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