EXTR Trade on Apr 1, 2014 09:34 from acelaw2000_BOWS: Tradervue User Stock Trades.

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acelaw2000_BOWS

$EXTR…..LONG ON INTRADAY…..9EMA BOUNCE OFF ONE MINUTE CHART..FIRST ATTEMPT…..NICE SMALL PROFIT TO GET MYSELF IN THE GREEN.

SECOND ATTEMPT…..WAS OFF THE FIRST GREEN CANDLE ON CONSOLIDATION, WHICH WAS A DOJI. THE SETUP HAPPENED QUICKER THAN I LIKE TO ENTER A NINE BOUNCE.  TRADE NEVER WENT.  ONE MINUTE CHART CONFIRMED ENTRY ON THE NINE BOUNCE AS WELL. THIS ONE WAS A LITTLE TOUGH.  FLAG NOT REALLY CLEAN.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-04-01 09:34:37	EXTR	buy	$6.110	long
2014-04-01 09:35:40	EXTR	sell	$6.180	long
2014-04-01 09:41:46	EXTR	sell	$6.190	0
2014-04-01 09:46:54	EXTR	buy	$6.180	long
2014-04-01 09:53:20	EXTR	sell	$6.080	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=EXTR&trade=920830&end=20140501&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=EXTR&trade=920830&end=20140401121820&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=EXTR&trade=920830&end=20140401101720&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=EXTR&trade=920830&end=20140401101720&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

allento_bows

2014-04-01 16:22:10

Price action extremely choppy in the first few minutes, so I would pay more attention to price levels rather than other indicators (your MAs will be flailing all over on the 1-min level).

First income trade is fine to get a feeler, nothing objectively wrong there.
Second entry seems a bit rushed though. Again, 1-min candlesticks are quite inaccurate....you are going see lots of wicks and false signals, which appears to have led to a bad entry price and subsequent exit into support levels.

I would've waited to until to see if the morning support around 6.05 holds, with a stop below 6.

EXTR Trade on Apr 1, 2014 09:34 from acelaw2000_BOWS: Tradervue User Stock Trades.

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