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 had gapped made a 2nd day continuation gap out of a pullback. The was an ORB on the intraday chart and I entered on the break. Price consolidated for a bit but I held on since I saw a flag forming on the SPY intraday chart. I figured both would breakout soon. That's exactly what happened. I sold half into the spike that followed and exited completely during the pullback that followed after I saw the second red candle holding.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-25 09:45:00 | EXAS | buy | $24.750 | long |
2017-04-25 10:09:00 | EXAS | sell | $25.150 | long |
2017-04-25 10:24:00 | EXAS | sell | $25.010 | 0 |
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