second day continuation of a gapper the broke out of a flag pattern. Price was flagging between the ma's and vwap was acting as a level of support. price was about to break out of the flag and the 9 ema was curling upward above the vwap when I entered. Then price pulled back and held at the vwap. the next candle opened and moved below the vwap so I exited. Then price immediately remounted and took off. I had the right idea but should have held on a bit longer.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-12-01 09:50:00 | TIF | buy | $82.450 | long |
2016-12-01 09:55:00 | TIF | sell | $82.060 | 0 |
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