Shared by
sk6345
bear flag breaking down on the daily. sold into breakdown pullback when price pullback near 9 ema which was curling down on top of price, red candle that held, and a sign of weakness. price ended up pulling back and I was stopped out. The mistake I made with this trade was not waiting for the 9 ema to cross below the vwap and failing to enter within a minute before the next candle opens. Had I done either one of these things I would have been able to avoid this loss.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-12-05 09:51:00 | MNK | sell | $53.350 | short |
| 2016-12-05 09:56:00 | MNK | buy | $53.650 | 0 |
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