I count this as a successful trade. My intention was to short this where I bought but Prodigio likes to occasionally switch my order from short to long right as I submit it. I sold when I noticed I was in the trade the wrong way.
Anyways
Setup - Bear flag on 1m chart.
Lesson - Always check my position after I enter a trade to make sure I entered it correctly.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-24 09:41:39 | KBIO | buy | $41.970 | long |
2015-11-24 09:41:39 | KBIO | buy | $41.960 | long |
2015-11-24 09:41:39 | KBIO | buy | $41.930 | long |
2015-11-24 09:49:27 | KBIO | sell | $39.490 | long |
2015-11-24 09:49:27 | KBIO | sell | $39.490 | long |
2015-11-24 09:49:27 | KBIO | sell | $39.490 | 0 |
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I love this entry, but I don't see it as a bear flag. A single one minute candle drop after 5 candles up does not make the pole of a bear flag. But on the daily, which isn't included in your charts, this stock is greatly extended and parabolic. so essentially, I see a head and shoulders for your perfect entry based on the short bias due to the daily.