Setup: Reversal
Risk: Very low risk
Playout: Seen the market was reversal had a nice wick on the bottom and a green candle followed it so I jumped in for a low risk play and took some decent profit
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-07-05 11:36:35 | SSO | buy | $78.020 | long |
2013-07-05 11:39:13 | SSO | sell | $78.120 | long |
2013-07-05 11:39:47 | SSO | sell | $78.150 | 0 |
On the two minute chart. A small wick formed after a pretty decent 15 minute downward movement. So I banked on a small pullback.
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what was your reason for going long on this one on the intraday chart?