Opened trade because:
- Higher lows since the open
- 20dma had good angle of attack
- Multi-timeframe breakout
Closed trade because:
- Price pulled back to the 9ema with high sell volume
- Weak bounce after pullback on decreasing buy volume
Other notes:
- The big sell volume on the pullback scared me out, but a couple candles later there was spike up. I took a profit but with only a 0.69% gain, I probably should have just moved my stop up and waited for more action, the 9ema would have been a very good tight stop.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-09-07 10:43:59 | ACTG | buy | $27.310 | long |
2012-09-07 11:35:00 | ACTG | sell | $27.500 | 0 |
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