Shared by
tombro
red to green, flat top breakout
18.44 entry stop 18.29 target 18.89
The book says (pg 88) to buy slightly before Break ($18.44) I had an order for 18.40 that didn't get filled
Stop hit
Very extended on Daily.
I don't know what's behind the move-but maybe its better I don't.
Maybe should have had exit at 18.34 (under my entry bar) The slapdown of the stock on the next bar, doesn't seem too promising.
I just noticed this, including yesterday, each time price tapped this area the stock was rejected strongly (tho it took this mornings' opening bar to reject yesterdays End of day tap)
Also, the book says "sell the remainder if stock retraces to breakout spot and continues lower" --definitely a case for a higher stop
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-10 10:58:38 | CEMP | buy | $18.440 | long |
| 2014-12-10 11:02:15 | CEMP | sell | $18.290 | 0 |
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