I initially saw this as short and when that did not work out I was thinking it was breaking through resistance at $12.60. When in reality, it was a big bear flag up to resistance then brokedown. I think I need to see the bigger picture when using short term time frames. I've been using a 2m chart at the open then switching to 5m. When looking back at the 5m chart, it was clearly flagging.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-03-23 09:47:30 | FEYE | buy | $12.640 | long |
2017-03-23 09:49:33 | FEYE | buy | $12.640 | long |
2017-03-23 10:12:38 | FEYE | sell | $12.470 | 0 |
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