AMRI Trade on Mar 17, 2014 10:42 from Blake_BOWS: Tradervue User Stock Trades.

Bounce off the 9 EMA

I knew this was slightly a risky trade because the stock was extended, so I didn't risk much. I went long as it bounce off the 9 EMA and then crossed the little flat top it was making. I should have sold some in the spike around 18.75 and closed the rest even.

I got stopped as it crossed back over the EMAs, but that was definitely a mistake because it was still at support - the VWAP. Any additional thoughts?

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-03-17 10:42:25	AMRI	buy	$18.450	long
2014-03-17 10:42:25	AMRI	buy	$18.450	long
2014-03-17 10:42:25	AMRI	buy	$18.465	long
2014-03-17 10:42:25	AMRI	buy	$18.465	long
2014-03-17 11:24:47	AMRI	sell	$18.420	long
2014-03-17 11:25:12	AMRI	sell	$18.460	long
2014-03-17 11:25:12	AMRI	sell	$18.460	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AMRI&trade=897665&end=20140416&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AMRI&trade=897665&end=20140317134012&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AMRI&trade=897665&end=20140317160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-03-17 16:04:56

Like you said it was still on support. No reason to sell.

Sayed

2014-03-17 18:39:05

Extended so any pull, trader gets nervous as u did!

AMRI Trade on Mar 17, 2014 10:42 from Blake_BOWS: Tradervue User Stock Trades.

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