Rubber band snap back-tho does not meet all the criteria in the book(pg 90-says stock must run up or down at least 2 days in a row).
Got in (albeit a little late) when it cleared the previous day's high, stop under entry bar (i wanted a tight stop since it had such a bad day yesterday and cuz it this was the 4th green candle in a row)
10:06 moved stop to 68.63-right below the 6:55 bar
10:33 moved stop to 69.16
10:37 Took partial, it seemed like it was slowing and had moved over a point.
10:47 moved stop to 69.23
11:40 took partial. It's taping highs, but not with strength, and was concerned with the shortened trading day
11:52 moved stop to 69.39
11:55 Stop hit
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-28 09:45:15 | KLAC | buy | $68.240 | long |
2014-11-28 10:37:49 | KLAC | sell | $69.470 | long |
2014-11-28 11:40:39 | KLAC | sell | $69.570 | long |
2014-11-28 11:55:12 | KLAC | sell | $69.390 | 0 |
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