The setup wasn't very solid and I was anticipating what it would do rather than allow it to show me. I played a long based on the daily coming up and holding a long term support range that it had previously broken through at $36.5. Very powerful set up if it has the strength to climb back in on the daily trapping the shorts. My entry was just premature and I knew that after I had entered, but let it play out. Risk was to high and I ended up stopping out for a .2 loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-10 09:46:09 | DDD | buy | $36.470 | long |
2014-11-10 09:46:09 | DDD | buy | $36.480 | long |
2014-11-10 09:49:24 | DDD | sell | $36.270 | long |
2014-11-10 09:49:24 | DDD | sell | $36.270 | 0 |
I see what you was looking at but it needed to get past this area of price resistance to really get moving...http://screencast.com/t/OFxzrpHmHG
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No setup on daily chart.