This was a good setup even though it doesn't look the cleanest on the 1 min. I liked it because the flag on the 1 min look decent, it was gapping up over a big resistance level, and the 5 min chart looked really nice. I got long when the 5 min candle broke the high of the previous candle with a stop under VWAP and if the entry 5 min candle turned red. So my R:R on this setup was at least 1.5:1 minimum. My first target was at $39.00 but hoping it had a chance to break it.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-05-12 09:47:15 | HAIN | buy | $38.620 | long |
2017-05-12 09:47:16 | HAIN | buy | $38.650 | long |
2017-05-12 09:49:56 | HAIN | sell | $38.900 | long |
2017-05-12 09:55:20 | HAIN | sell | $38.830 | 0 |
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