Looked like it was trading on support and stochastics were way oversold. Wasn't actually anything more than a bear flag. Stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-10 14:29:41 | XON | buy | $33.980 | long |
2015-02-10 14:35:12 | XON | sell | $33.880 | 0 |
Thanks Joe! You really make a lot of sense. Tomorrow we trade smart and it will be an OOOOMMMMGGGGG day for both of us. :)
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Flat top bear flagging MA resistance, price resistance, head n shoulder top better price support 33.00.
Use a trend line...price usually pops like when it breaks it like at 11:30 on the trendline break at 32.75, MA pushing price up pops trend line and runs
3:00 Reversal candle 5 min and tombstone, + on 10 min reversal signals and break of the down trend line.
Better long setups at that time of day to be going long on.