I've been looking at this for a long term swing trade. It looked oversold this morning and thought it was going red to green. As soon as I bought it reversed and went back down. I guess lower risk would have been to short at that point. Already had a long perspective stuck in my head from daily charts... Any thoughts?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-19 10:49:26 | SOHU | buy | $48.510 | long |
2014-11-19 10:49:26 | SOHU | buy | $48.510 | long |
2014-11-19 10:50:26 | SOHU | buy | $48.425 | long |
2014-11-19 11:05:18 | SOHU | sell | $48.363 | 0 |
That buy was too high, ideally u wait for flag to setup and enter on a flag break out. In this case ideal buy was over 48.20 after it spiked and pulled back,
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No intraday setup to go long. You want to look for it to base over the ema's coiling up before determining an entry point.