Large thrust up on the daily, long bias intraday. My entry was on a flag with 9 EMA curling under as support. Support broke and I was stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-04 10:24:56 | NEM | buy | $23.970 | long |
2016-02-04 11:14:46 | NEM | sell | $23.810 | 0 |
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couple things on this one man, super extended daily chart, in a bull market this may have worked but with this bearish market we are in your much better off shorting something thats overextended to the down side. i actually did that today on amazon and it worked to my disbelief but the pattern was there and the overall pressure on the market is pushing down. also i asked kunal about this one he said gold stocks dont really trade like normal stocks do for some reason. intraday the pattern makes perfect sense! just didnt have strong probability when you look at the big picture.