SBNY Trade on Feb 3, 2017 09:37 from Carter_is_the_Man_BOWS: Tradervue User Stock Trades.

SBNY showed a complex consolidation pattern in early February, which I took an entry in at the open on the 3rd. Price had broken the previous low the day prior, but gapped up back over the 20 ema, which was my entry signal. Price then made a third leg lower which came close to my stop then reversed. Price then just went sideways with no real indication of direction, so I moved my target to a 1:1 R:R, and cut my stop in half as to not keep this trade for too much longer. Overall, I think this was a good setup, a little 'squished together' again, but at least I didn't get stopped out of this one, as well as PB.