I messed up badly on the previous NFLX trade, but I made up for it with this one. I shorted on the move to the vwap and covered nicely into the flush. I wish I could have traded the full day because I would have tried to short the second flag as well.
Execution detail:
I don't think setups have much higher probably than this one http://screencast.com/t/SCgla7l4XmS That resistance line extends back on the daily chart as well. Super entry!!! Really a shame you could trade longer and milk this one.
thanks guys i'm super excited about this trade. I need to just pick the best set ups like I did with this trade.
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Very nice, shorting the bounce into MA's! I like it.