jumped in long after what seemed to be a pullback but then it broke down.
thinking this might be in part due to Janet Yellen's fed announcement that was coming at 10am...? not sure.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-22 09:45:59 | ROST | buy | $73.490 | long |
2014-08-22 09:56:31 | ROST | sell | $73.740 | 0 |
No setup is there. Let the stock base and then coil creating another setup before determining an entry.
hey there..50 cents after such a spike is not defined pullback..
think low volume easy go lucky pullback to 9ema
http://screencast.com/t/1nok7yQ4Efrf
if the spot u added is an area u like see if it flags or holds that area for a while.. LIKE AN HOUR!
@Peter - No offense taken at all. I really LIKE having commentary on these so that I can grow and get better. :-)
@Kunal - that 2nd screenshot made the lightbulb go off! the basing/ coiling def wasn't there.
Thanks guys!
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I see you were trying for ORB. Seems like you chased a little but hard to tell on opening. Strength was losing steam after the first candle you bought and then stalled. Would have sold right there or at least partial.
Don't take it the wrong way. I'm speaking with 20/20 hindsight :)