ISR Trade on Apr 1, 2014 10:08 from johnc_BOWS: Tradervue User Stock Trades.

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johnc_BOWS

 

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Thoughts during trade:
It moved upward in the morning and started "coiling". I was able to draw a trendline, and I entered when it broke this trendline.

After thoughts:
This was not a clean flag. This is a common mistake for me: mistaking a descending trendline for a flag. It's important to remember that the best flags will have a sustained morning move. Either 2 or more sustained green candles OR big green candles followed by very small pullbacks.


Execution detail:

Date/time Symbol Side Price Position
2014-04-01 10:08:31 ISR buy $2.690 long
2014-04-01 10:33:04 ISR sell $2.630 0


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