This was bouncing between two trendlines. All the daily trendlines were pointing up, but the intraday ones were all pointing down, so was watching for a move either way, but thought it would be down to follow the short-term trend. Bought half my usual position long when it broke above top trendline, with stop below trendline. Bought another half position when it passed spot where VWAP and 9SMA converged; moved stop to below convergence. Stopped out. In retrospect, I think the relative volume was not there.
Here is where I drew my trendlines:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-01-20 10:04:46 | AGEN | buy | $5.370 | long |
2015-01-20 10:09:52 | AGEN | buy | $5.410 | long |
2015-01-20 10:11:32 | AGEN | sell | $5.390 | 0 |
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