SPLK Trade on Dec 9, 2014 10:09 from tombro: Tradervue User Stock Trades.

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tombro

 

Setup: Bear flag breakdown-1st pullback
Where are EMA's: Above
EMA's-Direction & details:Better entry 10min earlier w/bounce off 20
Time Frame Alignment: Stock showing big down moves recently
Volume: ok
Market action-Spy-Sectors-stock: these security stocks rolling over
Stop: Stop 61.61 (high of previous bar)
Target: Target 59.63 Near Low of day
R/R: 62/136
Are Stop/Target proper: Target should've been near the low of the first 5 minute bar. It may not have been hit-but that would have been a better place because of the price rejection exhibited by the 2nd bar and cuz of the whole # @$60. Also the 50 day had held back in OCT, so the possibility existed that it would hold again - I just thought this would go lower (again...thinking = bad, just trade the chart)
Reasons for exits: After entry the stock came down and made a higher low near 60.30

Once the stock started coming down to this area again, and started to firm up up, I closed it.


Execution detail:

Date/time Symbol Side Price Position
2014-12-09 10:09:44 SPLK sell $60.990 short
2014-12-09 11:14:14 SPLK buy $60.510 0


Comments

December 09, 2014

Manage the trade well. Nice work.

Higher lows (bullish sign)..http://screencast.com/t/Bcvs0sNqOjzP

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