Pullback setup occurred, but I entered a little to early as oppose to waiting for the stock to hit support. My risk was 15 cents once I entered a long position but the spread of the stock was small. Once the stock hit support and reversed to continue the uptrend I scaled out during the first spike and then scaled the second half of my shares during the extended candle.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-08 09:48:32 | CIEN | buy | $16.960 | long |
2014-12-08 10:34:42 | CIEN | sell | $17.200 | long |
2014-12-08 10:50:02 | CIEN | sell | $17.350 | 0 |
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Very nice flat top breakout entry and exits.