Great bear flag off open. Stop -.40, Target +1.25, +2.50. Took off 1/2 at target and added back to full position on p/b to falling MA and previous day consol and got stopped out when broke above.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-05-29 09:48:30 | QIHU | sell | $95.670 | short |
2014-05-29 10:14:57 | QIHU | buy | $94.580 | short |
2014-05-29 10:31:09 | QIHU | sell | $94.960 | short |
2014-05-29 10:44:34 | QIHU | buy | $95.250 | 0 |
Nice work holding out for 3R! Do you always use 3R instead of 2R as your first target?
No, it all depends on Support/Resistance. 94.70 area was the role reversal on 30 minute. I do ideally look for 1.5R or 2R to take partial but it all depends on where i think price will bounce.
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
I think you played this well! The pullback would have likely tricked me as well