BWP Long - Come for the long exposure, stay for the snags

May 30, 2018

-86 Week Ascending triangle forming
-50SMA/200SMA bullish signal
-3.21 has become an area of congestion for the past month with very attractive bollinger band squeeze on the daily
- Could be an asymmetric R/R opportunity for pre-positioning of larger pattern completion

30 basis points planned

May 30, 2018

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May 30, 2018

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Stop buy order @ 3.23
SL @ 3.13
TP @ 3.78

Jun 4, 2018

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I have too much risk on and is premature to pull up stops on other trades yet. Will let this strength within pattern opportunity pass. A breakout of larger pattern and I will consider it

Jun 14, 2018

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Ok, Now at a level I like. Am a buyer above 3.29 on a closing basis

Jun 16, 2018

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Had the pop in volume but not the close above boundary. Am happy to have resting orders in this market with volume confirmation

Jun 16, 2018

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Jun 17, 2018

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Buy stop order @ 3.30
SL @ 3.21
TP @ 3.78

Jun 21, 2018

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Anticipating a fill today

Jun 21, 2018

Trade active

Order filled @ 3.30

Jun 22, 2018

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Stop moved to 3.26

Jun 23, 2018

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Happy with the volume expansion on this

Jun 25, 2018

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Stop moved to 3.29 just below yesterday close.
Some family matters have arisen, trimming down market exposure

Jun 28, 2018

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I proper buggered up. did not see dividend coming. Risk adjusted stop factoring dividend at 3.17. Same 30 basis points of risk

Jun 28, 2018

Trade closed manually

Disregard... my process is too important to me and this is not a habit I want to develop. I fucked up