SPY had gapped out of a long term flag pattern the day before and continued the move upwward by gapping up again on the daily chart. Intraday market was moving upward.
Stock was holding the flat top breakout that occur the previous day on the daily. It ORB and ran up for most of the first hour and was forming another flag patter at the HOD. I enter the flag pattern anticipating a breakout. Instead, price pulled back, failed at the 9 ema and I was stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-25 10:25:00 | HUN | buy | $25.430 | long |
2017-04-25 10:31:00 | HUN | sell | $25.330 | 0 |
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