I bought this on what looked like the break of the downward trend line and was hitting support on the 30 minute trend line. Never had any follow through so I got out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-21 14:01:05 | LNG | buy | $74.660 | long |
2014-11-21 14:20:31 | LNG | sell | $74.500 | 0 |
Great point Nape. Thanks again. You leave some great advice. I really appreciate it very much.
This one is tricky it is just stuck in a range right now on the daily and it's at the top of the range on the daily. If you buy something when it's at the top of the range it has to be real coiled up going into it otherwise it won't have the energy to break the range
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Notice the daily chart. This is the first real pullback after a 3 day run. Have to take them short setups. No longs.
http://screencast.com/t/HjzakpOA