This was weak at the open, but seemed to stabilize and start to flag. Got in with a stop of 8.00. It broke it and I got out.
Better move would be to wait until the high of day (the 2 candles) had broken before entering.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-05 10:09:05 | CGEN | buy | $8.200 | long |
2013-08-05 10:09:05 | CGEN | buy | $8.200 | long |
2013-08-05 10:09:05 | CGEN | buy | $8.200 | long |
2013-08-05 10:12:28 | CGEN | sell | $7.950 | long |
2013-08-05 10:12:29 | CGEN | sell | $7.950 | long |
2013-08-05 10:12:29 | CGEN | sell | $7.950 | long |
2013-08-05 10:12:30 | CGEN | sell | $7.950 | long |
2013-08-05 10:12:31 | CGEN | sell | $7.950 | long |
2013-08-05 10:12:31 | CGEN | sell | $7.960 | long |
2013-08-05 10:12:34 | CGEN | sell | $7.960 | long |
2013-08-05 10:12:34 | CGEN | sell | $7.960 | long |
2013-08-05 10:13:12 | CGEN | sell | $7.950 | 0 |
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I agree, the break of the hod for confirmation would have been better.