LITB Trade on Jan 6, 2014 10:11 from Rashod81_BOWS: Tradervue User Stock Trades.

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Rashod81_BOWS

 

I thought LITB was basing/ flagging for a quick break in its continuation so I entered with my stop directly below the break out level. No dice. But you gotta love stops! I treat 'em like seat belts; if I get caught without one I'm likely to get a ticket, and I don't like paying fines for easily preventable offenses. Ya feel me?!?!


Execution detail:

Date/time Symbol Side Price Position
2014-01-06 10:11:37 LITB buy $9.570 long
2014-01-06 10:20:19 LITB sell $9.470 long
2014-01-06 10:20:19 LITB sell $9.510 long
2014-01-06 10:20:19 LITB sell $9.470 long
2014-01-06 10:20:19 LITB sell $9.510 long
2014-01-06 10:20:19 LITB sell $9.500 0

Comments

Gravatar kunal00
January 06, 2014

this flag wasnt clean on 5 minute... the 5minute is used if u want larger % gains with looser risk on charts. 2 minute is more for the 20cent scalps so if u trade 2min u got to take the gains quick as the patterns are meant for quicker moves. the 5min flag was choppy so it wanst gonna give us a big gain

Gravatar Rashod81_BOWS
January 06, 2014

Wow, it looked clean to my untrained eye. The candles seem to get tighter as time goes on. What exactly makes this an unclean flag?

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