Range getting tight on the low side. Stop @ 32.03. Might sell it all around 31.00s since 50SMA is there on daily. Maybe it'll break it. Entry could have been better. Not Sure if my pattern's still valid or not. If it was i'd add more in .80s.
Mental State – Don't Remember
Daily Chart - Dirty Gap up
IntraDay Pattern – Daylong Consolidation
Entry - 31.63
Stop - 32.03
Size – 50
Why I thought it would work – Range was getting tight. It was consolidating to the downside so I figured it would break to the downside.
Factors contributing to it not working - Just consolidated all day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-11-07 13:59:47 | IONS | sell | $31.630 | short |
2016-11-07 14:34:11 | IONS | buy | $32.030 | 0 |
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