Textbook 5 minute G4 pattern / 2 minute G5 pattern, played out perfectly. Only thing I would have changed about this trade is that I should have held 1/8 position in case it makes a larger move this afternoon. However, it is on the 200 daily MA and the daily bar is already quite large, so a larger move is less likely. So overall, I'm pretty happy with this trade.
update at 6/20/15 review:
this could have been such a huge trade if i had managed it to spec and only took half of the remaining shares at each target. One of my best trades, but could have been so much better.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-06 10:03:49 | SKUL | sell | $9.740 | short |
2015-05-06 10:09:09 | SKUL | buy | $9.550 | short |
2015-05-06 11:06:00 | SKUL | buy | $9.340 | short |
2015-05-06 11:14:37 | SKUL | buy | $8.940 | 0 |
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