Daily chart was bouncing off the 20ema, possible further upside.
Bought after I noticed the 9ema held the up move, then it remounted the 20ema and VWAP while still holding the 9ema. Mini flag/flat top, I bought the 20ema in anticipation of breakout. I had ticket open to buy lower @ $13.52 right on the 9ema and bottom the flag but was hesitating, trying not to take a loss on my first trade of the day.
Sold using the 1min chart during the breakout $0.02 below 9ema to signal short-term uptrend needing a break.
Mental jewel: decent trade, could have bought lower. I know I need to work on identifying my levels and risk more systematically and more quickly as I spot opportunities. Rep.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-15 11:28:00 | SDRL | buy | $13.550 | long |
2015-05-15 12:08:00 | SDRL | sell | $13.700 | 0 |
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