Too early
I anticipated the trend line break after a bounce off the daily 50ma and very nearly touching the 50ma too.
Price made a long legged hammer off the 5min 50ma and the 15min 50ma.
Stopped out soon after on a spike down to 8.86 which was exactly the low of the day so far.
This is where I should really have bought it as the daily 20ma was at 8.9 and the daily 50ma at 8.8, so I had a very good stop level there.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-22 10:14:00 | DANG | buy | $8.990 | long |
2015-04-22 10:14:00 | DANG | buy | $8.990 | long |
2015-04-22 10:14:00 | DANG | buy | $8.990 | long |
2015-04-22 10:14:00 | DANG | buy | $8.990 | long |
2015-04-22 10:26:50 | DANG | sell | $8.860 | long |
2015-04-22 10:26:50 | DANG | sell | $8.860 | long |
2015-04-22 10:26:50 | DANG | sell | $8.860 | long |
2015-04-22 10:26:50 | DANG | sell | $8.860 | 0 |
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