This trade was entered via an alert at the break of the daily flag. Entered again at the break of 8, and again with the pull back, scaling out to reduce risk on the way up.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-22 10:13:36 | HIMX | buy | $7.920 | long |
2014-08-22 10:16:19 | HIMX | buy | $8.050 | long |
2014-08-22 10:27:26 | HIMX | sell | $8.150 | long |
2014-08-22 10:53:18 | HIMX | buy | $8.210 | long |
2014-08-22 11:35:42 | HIMX | sell | $8.340 | long |
2014-08-22 11:59:47 | HIMX | sell | $8.430 | long |
2014-08-22 12:19:53 | HIMX | sell | $8.260 | 0 |
Notice on your third entry how it needed to base a bit and round up before making that next move higher. Add spot on the coil..http://screencast.com/t/QL6lo58Zn
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Nice entry based on teh daily. These are tricky because you want to hit the daily breakout but the intraday is really extended. What I have learned is buying the early morning dip (like 7.75) and pre-empting the daily breakout gives the best r/r. I know someone who has done it on this stock every day for the last 5 days...lost 5c the first 4 days but the 5th day BOOM he makes 70-80 cents (4:1 overall)