MU Trade on May 2, 2014 12:39 from stormstocks_BOWS: Tradervue User Stock Trades.

"Stock after run created nice flag for one hour and half. It poped and for a few minutes smal flag. I did not expect stock to pull back so I bought that flag. Stock run to 26.64 (really nothing) and pull back taking out my stop.

Set up: ?
Stop: 26.50"

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-02 12:39:00	MU	buy	$26.600	long
2014-05-02 13:30:00	MU	sell	$26.470	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MU&trade=976259&end=20140502160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MU&trade=976259&end=20140502160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MU&trade=976259&end=20140502134300&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=MU&trade=976259&end=20140601&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-05-02 21:40:33

Looking at the 5min chart, you needed to get as it was coming out of range for a scalp trade. Anticipate the breakout.

stormstocks_BOWS

2014-05-04 19:26:45

What do you mean? I am not sure that I understand. Are you saying it was overextended?

Nape_BOWS

2014-05-04 19:57:57

Yes it was to extended when you entered. $26.50 was Idea entry. Also consider how many days in a row a stock has moved looking at the daily chart. $MU was up 4 days in a row so trying to go long will start getting tricky.

stormstocks_BOWS

2014-05-04 20:04:12

Oh ok. Got it. Thanks.

MU Trade on May 2, 2014 12:39 from stormstocks_BOWS: Tradervue User Stock Trades.

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