I made $38.48 with $25 risk. I saw a lot of resistance on the 30-minute chart and took profits early. I started scaling out when the price was around RR 1:1. I scaled out the last part at RR 3:1 when the price was touching the VWAP.
Stop was $0.07 from entry at $23.09.
RR 2:1 target was $23.30.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-01-20 13:00:00 | TKMR | buy | $23.160 | long |
2015-01-20 13:06:00 | TKMR | sell | $23.210 | long |
2015-01-20 13:08:00 | TKMR | sell | $23.230 | long |
2015-01-20 13:13:00 | TKMR | sell | $23.260 | long |
2015-01-20 13:23:00 | TKMR | sell | $23.370 | 0 |
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Nice trade. This thing coiled up right above the ema's real nicely.