Shared by
sk6345
price had just broken out of a flag pattern on the daily. SPY had been in a range and had broken
above resistance on the daily and the general intraday market was breaking out of an orb. I entered an orb in the stock just above the vwap. Price fell below the 9 ema and I was stopped out.
price pulled back to the 20 ema, tested, and a green candle held. I reentered when price remounted the 9 ema. At the same time, the general intraday market was still in an uptrend. Price failed at the vwap, reversed and I was stopped out when price broke the 20 sma support.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-04-05 09:47:00 | CC | buy | $38.890 | long |
| 2017-04-05 10:12:00 | CC | sell | $38.700 | 0 |
| 2017-04-05 10:21:00 | CC | buy | $38.690 | long |
| 2017-04-05 10:31:00 | CC | sell | $38.540 | 0 |
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