SCTY Trade on Apr 29, 2014 10:01 from jcbugos_BOWS: Tradervue User Stock Trades.

I was looking for the turn around, it seemed to moving up and appeared to pullback to the ma's I bought and it tanked. Not sure what I missed on this. Please let me know your thoughts.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-04-29 10:01:01	SCTY	buy	$53.170	long
2014-04-29 10:05:30	SCTY	sell	$52.550	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=969959&end=20140529&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=969959&end=20140429113530&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=969959&end=20140429160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

silverholden

2014-04-29 21:57:34

It looks like you were trying to play this as a red-green move. I usually treat the previous close as pretty significant resistance, so for me I wouldn't go long on a red candle like that after it went green. I would wait for confirmation. If you were looking at this as red-green I would also have had my stop higher. Don't know if any of that helped.

bodogtrader

2014-04-29 22:14:26

I was watching this today for a bounce as well. This wasn't the cleanest flag. That red candle was way too big to buy on. you want a flag more like this http://prntscr.com/3eqmsa

Nape_BOWS

2014-04-30 13:04:21

No setup was there. After the big move from the open, stocks need time to consolidate to build strength for the next move.

Sayed

2014-04-30 19:13:14

Idea was ok but it seems u bot the bounce off 20ema/3 min. Now after you bought , one it broke below that 20ema/3 min again. U should have gotten out as the setup is over.

SCTY Trade on Apr 29, 2014 10:01 from jcbugos_BOWS: Tradervue User Stock Trades.

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