Shared by
singham_BOWS
Daily: flag breakout to new highs
Intraday: quick pullback buy
Entered on pullback to 9ema in anticipation of continuation, stopped out on break of support.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-08-18 10:20:42 | EXPE | buy | $86.720 | long |
| 2014-08-18 10:27:24 | EXPE | sell | $86.590 | 0 |
Comments
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I think you should have waited a bit for testing of the 9EMA, in the moring price is extended away from the EMA and it only tested the EMA once before you entered your trade (which was on the second test of EMA).
As I was writing this review, I thought to myself would I have done the same and taken this trade? Maybe, but what I would have looked for is coiling of price. Price did not coil, instead if you look on the 5 min and 3 min chart you'll see the stock is slowly make lower highs and lower lows. Next time, maybe consider zooming in to see price action. I hope that helps you.