Setup:FTB /PB to 20 DMA on daily, PB to 20EMA on 5min
Where are EMA's:Price @ 20,9 overhead,
EMA's-Direction & details:both moving up
Time Frame Alignment?:
Volume:good 1.6 million
Market action-Spy-Sectors-stock:Pulled back to rising 20 DMA. Coiling on 30 min at 46 and at 20 DMA/previous resistance. Had tested high of day and pulled back to 20ema, but still above VWAP)
Stop: 45.94
Target: 1st target 46.74 (a little arbitrary,46.49 made more sense via 30 min chart)
R/R:a little over 4 : 1
Are Stop/Target proper?: Yes/No but it worked
Reasons for exits : stops hit. but this is a case where i needed to be preemptive on selling 2nd part.
After 1st partial, price spiked hard, retraced, tried to go up again, failed, and this is where I shoulda taken more/ or the rest off with a 2:10 exit for a worst price 46.54 for an additional $67
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-04 12:18:00 | LULU | buy | $46.090 | long |
2014-12-04 13:48:00 | LULU | sell | $46.740 | long |
2014-12-04 15:22:00 | LULU | sell | $46.090 | 0 |
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