On to the winning trades.
WLT gapped down and formed a bear flag just above the PDL. Entered on the break of 3rd bar low, below PDL with an iniital target S2. Price moved again and formed another bear flag against 5 EMA. Added to my position on the break of 7th bar low. Changed my target now to 100% FE of the 2nd bear flag measured from the top of the 4th bar to the 7th bar high. 
APOL opened inside PDR (previous day range) and rallied after the open and moved avove PDH. It then consolidated above ORH (15 min.) forming a bull flag. Entered on the break of the bull flag. Took partial at 50% FE. I was expecting some retracement and moved the SL on remaining to BE. Price moved up nicely to reach 100% FE of the bull flag where I sold the remaining position.
4 comments:
Thanks a lot for sharing Daytradr. I find you trades very beneficial. My most common mistake is probably overtrading and not sticking to best opportunities. It would be great if we could see some of the losers for things to avoid also.
Cheers.
Simon
Hi Simon,
Glad you found the blog useful. I will definitely post some of my losers on the blog. I keep the charts of some of my unsuccessful trades so that I can see what mistakes I have been making often and what I have been overlooking in the charts.
I don't understand: did you short WLT twice and make profit? Looks like you did. What are the 2 loosing trades? Great work on APOL. A WL stock or Trade Ideas scan? Thanks.
You are right bl. I added to my existing short position in WLT on the break of second bear flag. My losing trades were WYNN and SPY. There was no setup in WYNN when I entered. A rushed trade. SPY - I was too slow to get out on time and turned a profitable position into some loss.
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