Ran out of things to trade, so went to chat room for ideas. First green daily bar after several down days, oversold stochastics, MAs all pointing up, big volume bars are green, might next run into resistance at $36.52 (daily). Bought long when broke flag on 5-min chart; set stop below trendline. Sold half into spike and moved stop to buy price. Sold another fourth into spike. Going to keep moving stop up so it stays under 9EMA. Stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-02 11:27:03 | OVAS | buy | $33.960 | long |
2015-04-02 11:28:43 | OVAS | sell | $34.130 | long |
2015-04-02 11:30:06 | OVAS | sell | $34.230 | long |
2015-04-02 11:41:56 | OVAS | sell | $33.980 | 0 |
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man hitting the 3rd flag at lunch very low probablilty and its such a mini flag
http://screencast.com/t/nkA9oDwI8U2x
i do like how u waited for teh pullback showes great patience on the trade jsut remember the earlier patterns in the day will work beter then a lunch time flag.