CELG sold right after the open and bounced from support (low of a couple of days before - blue broken line on the chart) and closed above S1. 2nd candle formed a reversal candle on S1. I entered early when the 3rd candle took out the close of the 2nd candle. Took partial at 20 EMA which coincided with the $46 level. Moved the remaining shares to BE to give CELG some room for retracement. After CELG found support at PDL and moved up, I moved my SL a little below PDL. Exited the remaining at 5-day EMA.
This was the most disappointing trade. BIDU opened above a previous resistance and looked quite strong. It then formed a bull flag under a previous resistance at 310 on declining volume and higher lows. 7th bar was almost an inside bar filling the tail of the 6th candle and closed strong. Entered on the close. I intended to take partial at 50% and remaining at 100% unless there was a reason to exit. But when I saw a shooting star like candle on 5 min. before the first target was reached, I panicked and exited the entire position. Very frustrating. I am not improving at all. I exit good psoitions early and hold on to the losers till they take me out. Anyway, BIDU easily reached both the targets.
This was not much of a gainer but I wanted to document this chart for future reference. Entered when AMZN formed a inside bar below R2. I wasn't expecting AMZN to move much because of overlying resistance and that the markets seemed overextended. It kindled some hope in me when it broked the ORH with a bullish candle but the next candle was a bearish engulfing candle. Exited my entire position when the low of the bearish engulging candle was taken out.
CELG sold right after the open and bounced from support (low of a couple of days before - blue broken line on the chart) and closed above S1. 2nd candle formed a reversal candle on S1. I entered early when the 3rd candle took out the close of the 2nd candle. Took partial at 20 EMA which coincided with the $46 level. Moved the remaining shares to BE to give CELG some room for retracement. After CELG found support at PDL and moved up, I moved my SL a little below PDL. Exited the remaining at 5-day EMA.
This was the most disappointing trade. BIDU opened above a previous resistance and looked quite strong. It then formed a bull flag under a previous resistance at 310 on declining volume and higher lows. 7th bar was almost an inside bar filling the tail of the 6th candle and closed strong. Entered on the close. I intended to take partial at 50% and remaining at 100% unless there was a reason to exit. But when I saw a shooting star like candle on 5 min. before the first target was reached, I panicked and exited the entire position. Very frustrating. I am not improving at all. I exit good psoitions early and hold on to the losers till they take me out. Anyway, BIDU easily reached both the targets.
This was not much of a gainer but I wanted to document this chart for future reference. Entered when AMZN formed a inside bar below R2. I wasn't expecting AMZN to move much because of overlying resistance and that the markets seemed overextended. It kindled some hope in me when it broked the ORH with a bullish candle but the next candle was a bearish engulfing candle. Exited my entire position when the low of the bearish engulging candle was taken out.
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