AUXL Trade on Apr 30, 2014 09:41 from Markmandy54: Tradervue User Stock Trades.

Rolled over, short as started to make new low on day. Stop -.70, Target +1.25, +1.75. Got stopped as shook out over base near highs and then rolled over hard.

LESSON: MY STOPS HAVE BEEN TOO TIGHT AS I'M RIGHT IN THESIS OFTEN AND BOTH TARGETS HIT!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-04-30 09:41:30	AUXL	sell	$23.310	short
2014-04-30 09:46:23	AUXL	buy	$24.000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=AUXL&trade=972832&end=20140430104423&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=AUXL&trade=972832&end=20140430121623&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=AUXL&trade=972832&end=20140430160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=AUXL&trade=972832&end=20140530&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jmos_BOWS

2014-05-01 14:14:37

Looks like algo's just went for everyone's stop around that area before heading down lol Cannot do much about that.

Markmandy54

2014-05-01 14:19:11

It gave an even better setup with better R:R about 20 minutes later. This happened to me a few times today which tells me to set new alert when stopped to make sure it was a valid stop vs. re-enter as just a shakeout.

silverholden

2014-05-01 20:31:30

With the choppy action as of late, my inclination has been to use recent price support for stops. Given the candle you entered on, I probably would have wanted to use HOD. Trying anything tighter lately has lead to me getting wicked out often.

Markmandy54

2014-05-01 22:56:59

I used the 5 minute candle where each candle opened and closed with stop right over that, literally got hit to the penny.

AUXL Trade on Apr 30, 2014 09:41 from Markmandy54: Tradervue User Stock Trades.

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