Got in long when price was hovering around multi-tap on daily chart, about to break out, and was getting ready to break a flag on 2-min chart, with MAs coming up underneath. Used limit order to get price close to MAs, bought half position, and set stop below 9EMA. Moving stop up as needed to stay under 9EMA. Bought more on next pullback to 9EMA, with another flag forming. Sold half into spike. Stopped out on second half.
This is where I drew my trendlines:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-20 12:04:01 | LOCO | buy | $28.460 | long |
2015-04-20 12:15:36 | LOCO | buy | $28.550 | long |
2015-04-20 12:21:07 | LOCO | sell | $28.710 | long |
2015-04-20 12:31:28 | LOCO | sell | $28.610 | 0 |
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