Shared by
pstark89
Whats the Setup: Flag into 9 ema on 15 min chart
Where are EMA's: They were above except for 15 min
EMA's-Direction & details: Flat to up
Time Frame Alignment: No. Saw great support on 15 min and 5 and 2 min were slowing down on sell side.
Volume: Heavy
Market action: Down but biotechs were hot
Stop: 12.55
Target: 13.20
R/R: 3:1
Reasons for exits: The stock was too extended to continue the push it had in the morning
Notes:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-19 13:58:04 | FOLD | buy | $12.640 | long |
| 2015-03-19 14:07:14 | FOLD | sell | $12.790 | long |
| 2015-03-19 14:08:25 | FOLD | sell | $12.750 | 0 |
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