SN Trade on Apr 27, 2015 09:48 from ToqueX: Tradervue User Stock Trades.

Grade=C

The setup: pullback to trendline and support after the opening range.
SN is an oil and gas play, so I was playing it along with crude oil as the catalyst after it dipped to support.

How did it work out?: Not too bad. The timing was decent. I could have caught it a little lower, but I had to gauge the speed that it was moving and I think I did okay with that. I was looking at the Time and Sales for extra evidence with larger orders changing hands at the support around 13.40.

The exit: It's looking pretty good from here. I scaled out at the next two key levels and even got a little lucky on the third one. I thought it seemed pretty extended and felt that price would be discovered somewhere in the middle of the range that I had ridden up, so time to get out while the going was good.

What did I learn?: Finding the rhythm, speed and flow of a stock in the early part of the morning is important for timing entries and exits. I was considering waiting a few more minutes for another candle for confirmation, and it seems my intuition worked out here.

I'm glad to have a trade that actually looks half-decent after scads of stinkers.