Play: Parabolic
When the first pullback got bought and went parabolic again, I got in and XLE was pulling back from being extended so got in with small risk. It looked ready to crack and was flagging on the 1mn but when support held and XLE started going AGAIN, i got out flat to be safe since energy sector seemed very very strong.
Reasons to cover: no follow through
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-04-19 09:53:30 | FCX | sell | $11.700 | short |
2016-04-19 09:57:48 | FCX | buy | $11.700 | 0 |
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