Shared by
bbango_BOWS
I was only able to trade the afternoon today and noticed this setting up as a flat top break out after lunch. EMAs curling up beneath price. Started to scale out and moved stop to buy price as it had multiple green candles in a row.
I was trying to be patient here and I was doing a good job until the end of day. It formed another flat top setup between 2pm-3;30pm and it started to break out but failed. This made me nervous and I sold out the remaining 100 shares. This ended up being a mistake as it ended up breaking out on that pattern in the last 5 min and it reached my $110 target. Almost had it today.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-02 13:23:01 | BABA | buy | $108.660 | long |
| 2014-12-02 13:23:01 | BABA | buy | $108.660 | long |
| 2014-12-02 13:35:05 | BABA | sell | $109.060 | long |
| 2014-12-02 13:38:19 | BABA | sell | $109.280 | long |
| 2014-12-02 14:30:40 | BABA | sell | $109.373 | long |
| 2014-12-02 15:29:58 | BABA | sell | $109.340 | 0 |
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Nice.