Shared by
TomB_BOWS
Came back above MA's and started coiling. Bought after that hammer candle. Got out when breakout failed. Could have re-entered when it broke 48.5 but wasn't feeling confident about it.
$-20.00
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-09 11:25:57 | EMES | buy | $48.260 | long |
| 2014-12-09 11:34:17 | EMES | sell | $48.160 | 0 |
Comments
kunal00
The breakout didn't fail what you're seeing is a break that wasn't a breakout just because something peaks three pennies about its previous high does that make it a breakout set up the set up that you're looking it was different in the parameters of selling needed to be different also this not dropping a few pennies does that make it a field break out if it actually was a breakout set up. Break up only fails when the trend fails when you're series of higher lows is broken your supports are broken
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Bit extended on entry. It already pop a $1 from the pullback...http://screencast.com/t/sylGhToo
It needed to pullback again and setup.