Gap open on daily and over tend line. Created new high just after open.
Pulled back to the daily trendline then moved sideways and waited for the vwap and 20ma to catch up. Rounded bottom along 9ema. Really like the look of this setup.
Lomg on break of flat top created with 7 candles. Entry 14.62 stop 14.57, just under 20ma low spot. even though the 20ma is rounding up too.
Not a lot happening in this one even after 30minutes so I am moving the stop up to 14.60, just under 20ma and vwap. 9ema is at 14.63. Thought about exiting with a 2cent profit but decided to give it the benefit of the doubt.
Exiting at 14.67. Given it long enough to do something nice.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-12 12:14:42 | FHN | buy | $14.620 | long |
2015-03-12 13:45:47 | FHN | sell | $14.670 | 0 |
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