Shared by
jakeh_BOWS
entered at low risk but should've waited for flag to tighten. flag set up was beautiful on daily and 5 min. hit a stop loss on 2nd half.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-24 09:52:00 | YY | buy | $74.730 | long |
| 2014-11-24 11:47:00 | YY | sell | $75.798 | long |
| 2014-11-24 11:50:00 | YY | sell | $75.650 | 0 |
Comments
jakeh_BOWS
http://screencast.com/t/m3WcgG0sP2
i was looking at this one as more of a swing but using the 200ma and 9 ema as support, it opened slighly above the 200ma. my risk was minimal, the previous day's close and 200ma, about .30 risk. target was 50ma on daily, 77.30, which it hit at EOD. it would've made more sense to enter at 11, $75 but i had enough reasons to enter when i did.
Nape_BOWS
If you entered it as a swing position then yes I do understand you buying it there, but for a day trade look for more of a tight coiled setup.
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No setup on entry. How did you decide to get in there?