WUBA Trade on Jan 3, 2014 10:35 from BillySee_BOWS: Tradervue User Stock Trades.

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BillySee_BOWS

 

I entered on a flag break but didn't wait for conformation, result was the flag broke down instead of up.


Execution detail:

Date/time Symbol Side Price Position
2014-01-03 10:35:07 WUBA buy $40.550 long
2014-01-03 10:35:45 WUBA buy $40.550 long
2014-01-03 10:37:09 WUBA sell $40.620 long
2014-01-03 10:39:32 WUBA sell $40.510 0

Comments

Gravatar Nape_BOWS
January 03, 2014

No setup.

Gravatar Nape_BOWS
January 03, 2014

You have to consider the big run it just had; just because it goes sideways for a couple of candles does not make it a bull flag setup.

Gravatar BillySee_BOWS
January 04, 2014

Wow Thank you. I certainly read this as a Bull Flag. Thank you.

Gravatar BillySee_BOWS
January 04, 2014

I'm not fond of the TraderVue charts. Here is a screen shot of the way I read this play. I really appreciate what you've taught me here, because I THOUGHT I was seeing a pretty clean Bull flag.
http://screencast.com/t/WjOYnOli

Gravatar Nape_BOWS
January 04, 2014

Also notice how the ema's are not flatting out on your chart when you entered. You want them to start flatting out and curling up under the candles for bullish signs.

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