Shared by
tee
Day Chart: follow through of yesterday's big green that broke pivot highs
Buy: giant all-day sideways wedge, looks like a 2 day flag. got the middle of it at the MAs
Order:
price
9 (flat)
20 (flat)
VWAP
stochasitcs - just went negative
Sell: using the rising trendline that held since yesterday. next 5 min bar later it flushed larger than recent average size candle. thing is that it held, came back to buy area then broke out opposite.
Lesson: I've noticed when there's a failed move/breakout, the odds are better in the opposite direction. this held true here and I could have gotten in on the MAs supporting then curling up for the push. Stock surpassed my initial target.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-01 12:34:00 | SDRL | buy | $12.940 | long |
| 2015-05-01 12:37:00 | SDRL | sell | $12.890 | 0 |
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