Shared by
Emilie_BOWS
Daily: range breakout, breaking above the 50SMA
Intraday: bull flag
Nice breakout that held above previous resistance around $27. Broad market looked weak so I scaled out fast. Daily also had resistance around $29.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-04-12 10:51:47 | COUP | buy | $27.700 | long |
| 2017-04-12 11:27:27 | COUP | sell | $28.500 | long |
| 2017-04-12 11:40:38 | COUP | sell | $28.900 | 0 |
Comments
Emilie_BOWS
I entered when I saw it about to break down trend line. Stop was under 27.5. I don't really have specific rules to enter a trade.
I don't move stop to breakeven soon after entry because I want to give the trade room to work. I expect possible pull back at HOD. If the trade is on for 15-20 minutes and it doesn't look good then I'll move stop to break even if I can.
Yeah I got this one from my scanner.
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What was your entry trigger - if it got above the last 5min candle high and your stop was the low of the candle? If so, when do you use this specific candle trigger?
Do you ever put a breakeven stop in a situation like this where it double topped after you got in and it faded hard back to your price?
I'm guessing you picked this from your 5%+- filter, right? I saw this as well but saw it had gone up quite fast so I took it off watch and didn't see this setup later on. I have to get better at keeping these charts on watch.