Shared by
tee
Day Chart: follow through on rounding bottom formation, price above consolidation highs
Buy: looks like earlier pivot is holding, price turning up and basing this on bullish bias
Sell: thesis of earlier pivot holding failed
I understand I'm starting to trade on tilt and this is not a flag setup as per my rule.
Lessons: trade proper setups
all morning i've missed the runs (this flagged at 10.60 and 10.80 which was daily chart 20ma) so I've gone into chasing mode. It's also mid day session. Learn to walk away unless it's a really clean, momentum run chart.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-14 12:51:00 | ZIOP | buy | $11.350 | long |
| 2015-04-14 13:05:00 | ZIOP | sell | $11.210 | 0 |
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