Grade=C+
The setup: buy the pullback after the opening range.
The result: I got a solid entry on this one. I'm glad to be able to spot such opportunities while they're happening. I had conviction that it would go up due to a few factors:
-spikes down to $7.40 suport
-rounding up action on the 5m chart
-George Soros is on the scene
-Holding trend line
-Healthy looking pullback
-MAs where they should be underneath
I got the desired thrust and was appropriately patient with the scaling out.
My first ever self-evaluated C+ trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-11 10:04:16 | PTBI | buy | $7.550 | long |
2015-05-11 10:04:16 | PTBI | buy | $7.550 | long |
2015-05-11 10:07:37 | PTBI | sell | $7.900 | long |
2015-05-11 10:12:21 | PTBI | sell | $8.200 | long |
2015-05-11 10:18:37 | PTBI | sell | $8.100 | 0 |
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