DDD Trade on May 1, 2014 10:16 from Markmandy54: Tradervue User Stock Trades.

Looked good for bounce. Waited for low volume P/B to 9EMA, long as looked to bounce. Stop -.35 under the 9EMA to allow wiggle (but obviously not enough). Target +1, +1.50. Got stopped out at lows of day.
LESSON: STOP TOO TIGHT, NEED TO ALLOW WIGGLE ROOM, AND IF DO GET STOPPED AND BUYERS STEP IN, GET BACK IN!!!!

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-01 10:16:06	DDD	buy	$49.550	long
2014-05-01 10:22:59	DDD	sell	$49.270	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=DDD&trade=975352&end=20140501112059&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=DDD&trade=975352&end=20140501125259&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=DDD&trade=975352&end=20140501160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=DDD&trade=975352&end=20140531&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jmos_BOWS

2014-05-03 15:51:38

Right idea but personally I would have waited for some confirmation on the 5mn.

Markmandy54

2014-05-03 15:53:31

Ya, i can't find that perfect in between as when i wait for confirmation, i'm chasing, when i get in too early, it has a higher failure rate.

jmos_BOWS

2014-05-03 15:59:15

It is very tough for PB especially in this market. What I like to do is to use the 3mns for confirmation and enter based on that and then determine R:R on the 5mns.It did look like it bottomed out on the 2mns chart but the 3 mns looks a bit different and doesn't look like it was putting a bottom. It all depends on the time frame you are using.

Markmandy54

2014-05-03 16:59:38

True, true.

DDD Trade on May 1, 2014 10:16 from Markmandy54: Tradervue User Stock Trades.

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