Shared by
Boston
When I got long, this setup was still over extended and didn't have a big enough flag for a continuation. It was breaking out of a 2 day consolidation which is why I liked it, but the 1 min chart didn't look good. I was hoping for a smoother pullback to the breakout spot, but this is what I got, a C quality setup so I went in with small size.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-05-17 10:29:29 | IMGN | buy | $5.080 | long |
| 2017-05-17 10:30:18 | IMGN | buy | $5.090 | long |
| 2017-05-17 10:30:45 | IMGN | buy | $5.100 | long |
| 2017-05-17 10:30:50 | IMGN | buy | $5.100 | long |
| 2017-05-17 10:35:04 | IMGN | sell | $5.050 | 0 |
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