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handycandi_BOWS
Bought when broke its flag, with stop just under 9SMA, which was also just under top of flag. I chased, so the difference between my buy and stop prices was large, making this riskier than it needed to be. Stopped out shortly afterward.
Execution detail:
Comments
kunal00
NO FLAG. no pattern. the main flag was at 98.
also we dont do these during lunch
handycandi_BOWS
We don't do flags during lunch, is that what you mean?
manoj_BOWS
Hi Candi, I am not seeing any flag when you bought it. The flag was just after the 3rd red candle. Also if I look at the volume..most of them are red candles, not looking like a long setup. Yes like Kunal says..even if there is a flag during the lunch time..they don't work is what I have heard from Kunal..so just be cautious about trading during the lunch time.
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I tried shorting this at the open Candi. Did a flag break to the up side and stopped me out 5th candle in... grrrrr Aren't they all supposed to work??? It is so far extended! Looked like a perfect setup for me.