Bought as a 5 min EMA Retracement, but it was actually a 5 min Bull Flag too.
Textbook entry, and final exit.
I bought on a new 1 min high, scaled out at the top of a nearby Large Red Candle, then near the high of day, then held my final position until I got a valid exit indicator, in this case, the exit indicator was both a 1 and 5 min candle making a new low.
I was in the driver's seat for most of this trade.
I utilized only $631 (paper money) and made $118.25, an 19% return in 10 minutes.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-30 10:26:28 | TAOP | buy | $6.310 | long |
2020-07-30 10:26:29 | TAOP | buy | $6.310 | long |
2020-07-30 10:27:22 | TAOP | sell | $6.700 | long |
2020-07-30 10:28:41 | TAOP | sell | $7.990 | long |
2020-07-30 10:35:00 | TAOP | sell | $8.580 | 0 |
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