3rd dip at the $ROYL well, as unsuccessful as the 2nd.
Entry: ORB+, entered on confirmation of break of HOD. Valid entry strategy, but never works for me - I should have still waited for it to pull back some.
Exit: Turning. Failed to meet new high on 2-min chart (playing it safe, which turned out to be the right thing this time).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-22 09:57:54 | ROYL | buy | $3.830 | long |
2014-05-22 10:05:22 | ROYL | sell | $3.770 | 0 |
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Notice once the ema's caught up with the candles it made its move.