Shared by
tee
Day Chart: Earnings day, taking momentum as an opportunity for long position with proper setup.
Buy: missed the ORB around $4.10, hesitated. Waited for pullback with setup to form so I took the flag that dipped under 9ema but held the 20ema and VWAP at $4.30. Stop below those levels.
Sell: stopped out on continued weakness after the spike that engulfed all of yesterday's price action failed to show commitment.
Lesson: the real move was on the ORB. the stochastics were showing negative momentum the whole way through support. Perhaps a more aggressive entry around the 20ema and VWAP as 3 5min bars touched there before the final flush. Less risk if so.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-13 10:20:00 | ICLD | buy | $4.390 | long |
| 2015-05-13 10:22:00 | ICLD | sell | $4.290 | 0 |
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