Thought I was looking at a flag but nothing really there. I keep trying to anticipate something to get the best entry but nothing really telling me it was a place to enter. I need to stop that.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-12 10:12:50 | SLCA | buy | $29.500 | long |
2015-02-12 10:21:46 | SLCA | sell | $29.310 | 0 |
I've found the odds are better for long when it is trading above ma's and short when below. Still have to look at support/resistance levels.
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i make trades like this a lot. for what you were going for though, your entry was good i think, right at even under 9ema. but i think the under the ema part is what brought it down.