15 min chart showed price moving below bollinger bands...ripe for long entry.
Used 3 min chart for entry and manage to scalp for some...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-11 12:05:41 | VRX | buy | $32.190 | long |
2016-04-11 12:09:43 | VRX | buy | $32.070 | long |
2016-04-11 12:14:02 | VRX | sell | $32.230 | 0 |
A retracement was due...so tried for a second position. The exit was a mistake because the target was the 20 period moving average which at that time was 32.40 not 32.20...usually will exit within 9 minutes if that target is not reached...btw...all my trades are simulated trading...take it with a pinch of salt
cheers
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just curious, what was your reason behind the second, lower add? and what made you decide that was your target to sell and not higher/lower? thanks!