Thought it was breaking to the upside but consolidated sideways on news of an investigation into the company. Same thing as $ARRY, the third 5 min candle has to break in the direction of the gap (or create a flag) for a higher probability trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-04 09:57:11 | HE | buy | $32.995 | long |
2014-12-04 10:01:36 | HE | sell | $32.785 | 0 |
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This is actually an idea flag pullback you would play. I like the attempt. Sometime it just doesn't work out.