Shared by
sk6345
flag breakout continuation on the daily. bought into flag once I saw 9 ema cross above vwap and curling up under price, price pulled back, tested and remounted 9 ema, and a green candle held. Price ran up a bit and I held on hoping for more upward movement. Unfortunately price reversed and I was stopped out. My mistake on this trade was that the previous candle on the daily had penetrated the upper Bollinger band and today's candle opened outside the upper Bollinger band. These are characteristics of a snapback, so I should not have entered a long position.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-12-19 09:44:00 | CORE | buy | $43.230 | long |
| 2016-12-19 09:46:00 | CORE | sell | $42.810 | 0 |
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