Day Chart: consolidation area
Buy: flag
VWAP
price
9 (rising)
20 (rising)
broke below VWAP and 9. Held 20. Looked like longer flag pattern forming. stayed in.
Sell: 9 went under 20, 5 bars later it flushed .20 in one candle, forcing stop out
Lesson: MAs started failing before that flush. pattern dead - MAs not holding... just bail.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-27 09:53:00 | JMEI | buy | $22.270 | long |
2015-04-27 11:23:00 | JMEI | sell | $22.000 | 0 |
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