PANW Trade on Mar 31, 2014 11:05 from KeithL_BOWS: Tradervue User Stock Trades.

Got in small for a continuation of the flush, but it stalled and i stopped out.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-03-31 11:05:18	PANW	sell	$69.850	short
2014-03-31 11:06:01	PANW	buy	$69.920	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PANW&trade=919192&end=20140430&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PANW&trade=919192&end=20140331133601&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PANW&trade=919192&end=20140331120601&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Blake_BOWS

2014-03-31 21:40:51

2 things I would say about this trade is:

Continuation of the flush isn't really a setup... You had the right idea on wanting to be short on this because of where it came from, but that spot was seven 5-min candles later when it broke that flat bottom/bear flag.

Also, a 7 cent stop on a stock like that is going to stop you out 99% of the time. If you let the setup form, you can see that the appropriate stop was above the flat top that it was creating right above it and the 9ema.

Good try though! You'll get em next time!

PANW Trade on Mar 31, 2014 11:05 from KeithL_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax