Entered trade at 52.30 for a long trade after identifying a Flat Top BO. Stop at 52.20. Next resistance at 53.45 on 50MA. Moved stop to 52.60 when price reached 52.80 to de-risk the trade. Moved stop to 52.70 when price reached 52.90. stopped out at 52.70. Trade under control as planned. Not a huge gain, but well planned and timed.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-23 14:49:26 | NOW | buy | $52.300 | long |
2014-05-23 15:22:35 | NOW | sell | $52.700 | 0 |
Thanks! Could have made couple more bucks by zooming into 5 or 3 min charts but it is kind of hard when you are working full time. Thanks for the feedback.
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Nice play.