Shared by
tombro
Setup: Flag-ish but not clean...Not a setup
Where are EMA's: Price is @ EMA but….
EMA's-Direction&details:9 EMA has rolled over, 20 flattening
Time Frame Alignment?:Daily is in chop. price moved up solidly yesterday into multi day consolidation area
Volume:VG
Market action-Spy-Sectors-stock:
Stop:7.49 stop,
Target:7.64 1st target (HOD 7.62, Previous HOD @ 7.60 -1st target shoulda been under that
R/R: 2:1
Are Stop/Target proper?:I placed target more for P&L vs previous price action, If I would have stuck with realistic 1st target(in spite of no setup to begin with), It wouldn't be worth it.
Reasons for exits Shoulda had plan for when HOD break failed (target was above previous HOD)
This coulda been a scratch
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-04 10:37:25 | GRPN | buy | $7.540 | long |
| 2014-12-04 11:58:22 | GRPN | sell | $7.490 | 0 |
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