Shared by
tombro
Setup:after initial gap and messy price action, volatility was calming down, and it was beginning to move more purposely + the 9ema was pushing the lows up.
Where are EMA's: 9 EMA very close - good patience
EMA's-Direction&details: steeply up
Time Frame Alignment?:Daily had 20 dam bounce 2 day ago - but price now in congestion area
Volume:>500k
Market action-Spy-Sectors-stock:
Stop: Target: R/R: Are Stop/Target proper?:
Reasons for exits Took 1/2 on thrust and spikiness of high.
Again-was more aggressive with closing because my energy was zapped by all nighter. I can't quite remember why I set stop where I did...If it was below the 10:25 bar or what I thot was gonna be the 9ema
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-03 10:20:09 | CYBR | buy | $41.630 | long |
| 2014-12-03 10:36:48 | CYBR | sell | $42.140 | long |
| 2014-12-03 10:42:50 | CYBR | sell | $41.920 | 0 |
Comments
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This is the type of tight coiled up entry you should be always trying to get in. This is an excellent entry and 1st sell!!!!
The only thing you did wrong here was not letting the last few shares play out. Notices how it did not break down below its ema's. As long as the trend is still there. There is no reason to sell.