Shared by
tombro
Setup: Flag & PB to 9 ema. Entry bar had gone slightly higher than previous 5 minut. so thought the flag may be getting ready to break.
Entered near 45.90 support/9ema with stop at 45.84
Maybe this needed more time to digest?
Where are EMA's: Entry @ 9ema
EMA's-Direction&details:upward
Time Frame Alignment?:coiling on daily at $46 & @ 20 sma/previous resistance, & wasn't going below 45.90
Volume:good
Market action-Spy-Sectors-stock:
Stop: 45.84
Target: R/R:
Are Stop/Target proper?:Stop too close? Many bars had .20 range
Reasons for exits
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-04 09:59:00 | LULU | buy | $45.930 | long |
| 2014-12-04 10:13:00 | LULU | sell | $45.840 | 0 |
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