I was hoping this would break above daily highs. The trade started to go against me so I sold.
I could have bought the bullflag breakout before the move so that I wouldnt have to take a loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-07-29 14:51:39 | IDTI | buy | $15.340 | long |
2014-07-29 15:00:06 | IDTI | sell | $15.300 | 0 |
I believe Bullflag. Looks like it needed to consolidate more for it to be a bullflag though.
Using the 1min and 2min chart that late in the day can be tricky, hard to get a good read on the pattern. Try using the 3min first 30mins the market is open and the swicth to 5min charts for the rest of the day. I find that to be helpful.
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What is your setup here?