On the daily, this was tightening into a small range, so I was ready for it to go either way, and when it kept tapping that 22.49 range on multiple candles, I bought it as it broke.
it had about $2 worth of room before hitting the SMA, but I had to manually close the position a little after 11ET because I had to leave, too bad because there was another beautiful add spot about an hour later!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-19 10:28:28 | FUEL | buy | $22.500 | long |
2014-05-19 10:41:10 | FUEL | sell | $22.740 | long |
2014-05-19 10:57:21 | FUEL | sell | $22.960 | long |
2014-05-19 11:02:53 | FUEL | sell | $23.200 | long |
2014-05-19 11:08:11 | FUEL | sell | $23.110 | 0 |
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Nice play.