Shared by
singham_BOWS
Daily: breakout continuation
Intraday: flag break
Entered on break of 4.34 resistance level in anticipation of push back to HODs, no follow through. Entry could have been better, i.e closer to emas.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-07-03 12:07:56 | CBAK | buy | $4.350 | long |
| 2014-07-03 12:15:52 | CBAK | sell | $4.120 | 0 |
Comments
singham_BOWS
acelaw2000_BOWS
2014-07-03 18:08:53
played the same trade....i think it was a chase.....multi timeframe entry eas at the 4.10....
2014-07-03 18:28:50
It does look like a chase, at the time I thought it was clearing resistance at 4.34, so played for breakout with target around 4.70 and stop at 4.12, it had decent r/r. http://screencast.com/t/qsLVPAYlxPpZ
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It was up 3 green candles in row as it was trying to break that range. Makes the trade a tricky spot to get in at. Position size would have to be a lot smaller getting in that high.