Big gap up this morning with a pullback to
Went long as price broke the bull flag upper trendline but there was no volume in it.
I waited for a while but got stopped out on a sudden drop through the 9ema.
It was at this point that I realised I should have gone short.
The failed break over the TL set up a 123 short compounded by the break of the 9ema and a green to red trigger.
Shorted as soon as I got stopped out on the long.
After a couple of nice red candles I had set my target at 5.15.
This was just a couple of cents above the daily 50ma.
A bit ambitious as the low of day was 5.23 but
I eventually exited at 5.32 the 30min 20ma on TOS charts and strangely enough the 15min 20ma on TC2000 charts
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-20 10:23:29 | GENE | buy | $5.760 | long |
2015-04-20 10:23:30 | GENE | buy | $5.770 | long |
2015-04-20 10:23:31 | GENE | buy | $5.780 | long |
2015-04-20 10:30:09 | GENE | sell | $5.580 | 0 |
2015-04-20 10:30:51 | GENE | sell | $5.540 | short |
2015-04-20 10:30:51 | GENE | sell | $5.540 | short |
2015-04-20 10:30:52 | GENE | sell | $5.540 | short |
2015-04-20 10:30:54 | GENE | sell | $5.540 | short |
2015-04-20 13:37:40 | GENE | buy | $5.320 | 0 |
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