My thinking:KATE had broken above 11/6 and 11/24 highs(on Daily), had pulled back to 20 ema (on the 5 min) and momentarily bounced off it. I entered with stop under the 20 ema @ 32.14.
The ema’s are pointing down tho, something I notice NOW (thanks in advance Nape)
Gotta pay more attention to the direction of the ema's
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-25 10:30:22 | KATE | buy | $32.210 | long |
2014-11-25 10:33:20 | KATE | sell | $32.140 | 0 |
Also notice the volume patterns when stocks pullback. If the red volume bars are lager then the green volume bars, that means it is not an orderly pullback you want to buy.
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Same thing here. No setup, just a stock pulling back. Need the stock to base and coil up.