1st time I was anticipating a short, when it broke over 19.00 I covered to revisit.
2nd short I should have shorted 18.90, either way setup produced at 18.75 for short, didn't flush out like I wanted so it was an easy cover breakeven as the chart was forming a double bottom. Does the price action indicate I should've longed? Over 19.00 would have been the trigger for a buy for a SCALP only.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-01-09 10:01:11 | APOL | sell | $18.830 | short |
2013-01-09 10:15:17 | APOL | buy | $19.090 | short |
2013-01-09 10:15:17 | APOL | buy | $19.090 | 0 |
2013-01-09 10:57:56 | APOL | sell | $18.740 | short |
2013-01-09 10:58:13 | APOL | sell | $18.740 | short |
2013-01-09 11:47:49 | APOL | buy | $18.750 | 0 |
yep and also nice trendline resistance, once I covered I just kinda forgot about it, dummy me! WIll have to be more focused tmrw
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Had a nice little flag you could have played at 18.94-.95. So yah, long at 19 would have worked nice.
Also, you have low volume on the red bars so you could have been on the right side of the trade if you were looking for confirmation.