identified 9EMA holding support, chased up on entry- BAD ENTRY!
and exited a little early because scared after bad entry.
held 50% for continuation but got stopped out
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-08-06 10:33:06 | PODD | buy | $141.120 | long |
2019-08-06 10:37:41 | PODD | sell | $142.560 | long |
2019-08-06 10:37:41 | PODD | sell | $142.560 | long |
2019-08-06 10:37:41 | PODD | sell | $142.560 | long |
2019-08-06 10:51:48 | PODD | sell | $140.340 | 0 |
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just quick note: EMA can never act as support. The reason is simple. Ask yourself why exactly EMA9? Why not EMA 34?EMA 5? EMA 20? or EMA34567? Everybody is using other EMAs and lot of people arent using them at all. So why it should act as support, when they are not seeing it on their graph chart at all?