TRIP Trade on Mar 27, 2014 10:38 from TomB_BOWS: Tradervue User Stock Trades.

Flag pattern after bounce spot. Hit my max loss per trade, stopped out.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-03-27 10:38:03	TRIP	buy	$91.870	long
2014-03-27 10:40:22	TRIP	sell	$91.300	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TRIP&trade=913769&end=20140426&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TRIP&trade=913769&end=20140327131022&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

iStryker_BOWS

2014-03-28 08:46:33

Hard to comment. For me the stock was making lower highs so I wouldn't touch it, its not my setup....yes it was flagging, if I remember correctly above the 9ema, yes it was pullback spot on the daily

iStryker_BOWS

2014-03-28 08:48:39

Ok I take my last comment back. This was a opening gap fill, you need to hit this on the break of the opening gap fill. It should have enough volume coming in, as it has to break the closing gap fill aswell.

TomB_BOWS

2014-03-28 09:44:36

Im sorry iStryker, I am a little confused. Where do you think would be the best spot to get it? Thanks

iStryker_BOWS

2014-03-28 10:54:39

I don't know if my terminology is right (as I think i just made it up)

Open Gap down fill = 92.25ish
Close Gap down fill = 92.75ish

So you want to hit it on the break of 92.25. I would hit it earlier if there is strong relative volume coming in (100k or more in 5 minutes).

TRIP Trade on Mar 27, 2014 10:38 from TomB_BOWS: Tradervue User Stock Trades.

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