BSFT Trade on May 5, 2014 10:14 from Mike_Lucas_BOWS: Tradervue User Stock Trades.

Setup: Bear flag

Got in as it touched the 9 EMA on an apparent bear flag thinking it could continue lower. There were other points during the day where it looked like it could flush, but those drops got bought up.

Did I have the right idea or was there no bear flag?

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-05 10:14:32	BSFT	sell	$19.470	short
2014-05-05 15:59:15	BSFT	buy	$19.970	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=BSFT&trade=978971&end=20140604&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=BSFT&trade=978971&end=20140505160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

jmos_BOWS

2014-05-05 17:55:02

When you entered, it had already dropped 3$ in 20mns so it need a little more time to consolidate to digest such a big move.

Nape_BOWS

2014-05-05 19:18:27

Agree with Jmos.

BSFT Trade on May 5, 2014 10:14 from Mike_Lucas_BOWS: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax