Flag with a little FOMO tossed in (hence buying top of consolidation instead of bottom).
I need to wait for MA's to catch up. I'm too far away here on my entry.
I now see on the daily that earlier this month SYRG spiked up into this area and failed.
That would have definitely made me more patient and cautious getting into this and possibly kept me from buying at the top of the flag-if at all
I just realized something...Maybe it would be helpful for me to have my 5 minute and daily charts side by side instead of over each other
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-15 13:01:22 | SYRG | buy | $10.780 | long |
2014-12-15 13:08:33 | SYRG | sell | $10.630 | 0 |
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Nprice the moving avergaes right above on daily chart. To much resistance there to short.