Once again I have shot myself in the foot by raising my stop up too soon. I stopped out for a loss only to see the price go back up through my entry point. Original stop at 47.2. I raised it to 47.23 just before the price came down to 47.21 and bounced !!!
Breaking resistance trend line on daily chart which is about there the 30min 20ma, 15min 50ma and 5min 50ma all meet. Price had risen up to 47.72 earlier in the day and after a drop down to 46.9 area I watched for a bounce. There was a bounce through the mas and a retest which bounced again with good volume so I entered.
Long 47.37 stop 47.2
After a pop up to 47.59 and a retest of my entry point I decided to raise my stop to 47.23, just under the 20ma and vwap and the low of the test candle,
Stopped out
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-03-13 11:09:28 | TWTR | buy | $47.370 | long |
2015-03-13 11:34:08 | TWTR | sell | $47.230 | 0 |
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