looked like flat top breakout with strong momentum.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-28 11:44:13 | JDST | buy | $18.900 | long |
2014-11-28 11:54:36 | JDST | sell | $19.230 | long |
2014-11-28 12:00:30 | JDST | sell | $19.144 | 0 |
One thing you may want to think about when you are nervously watching a trade like this, is that after your first sell, there was not a lower low on the 5 minute chart till 9:15, and only by .06, then another lower low at 9:30 by .01, then proceeded to go higher. Seeing higher lows has kept me in a few trades when I was DYING to take my profits.
Yeah Great entry!. Maybe not enough taps for a Flat top Breakout, but definitely a flag, and good job spotting it
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Great entry. Should have move your stop to buy price. Price support here..http://screencast.com/t/a0v1KbI13