Shared by
ragy
Trade Setup:
Bull Flag 2 min but RISKY
Entry & Trade Management:
The setup was a little bit risky due to the short consolidation period. The stock did not spend time finding strong support. However it did test the MA and bounced back up where I made the perfect entry, may be I was a little lucky but the setup worked out.
Stop Loss:
19.52 - perfectly placed right below the MAs. If it did test that support and failed then I'll go out.
Profit Target:
19.74 - PDC
19.84 - Y High
Risk to Reward:
Risk 11 cents
Reward 11 cents (1:1 Bad)
Reward 21 cents (1:2 Good)
See AMD Chart traded that day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-11 09:40:42 | AMD | buy | $19.630 | long |
| 2019-01-11 09:44:12 | AMD | sell | $19.700 | long |
| 2019-01-11 09:46:03 | AMD | sell | $19.840 | long |
| 2019-01-11 09:48:26 | AMD | sell | $19.810 | long |
| 2019-01-11 09:51:25 | AMD | sell | $19.790 | 0 |
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