There was no set-up, I bought on a "thought" not on a fact. Broke my rule
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-08-27 09:57:33 | NG | buy | $3.360 | long |
2013-08-27 09:57:33 | NG | buy | $3.360 | long |
2013-08-27 10:10:18 | NG | sell | $3.310 | long |
2013-08-27 10:10:18 | NG | sell | $3.315 | long |
2013-08-27 10:10:28 | NG | sell | $3.310 | 0 |
Yes, you are right, Next time I will remember to do due diligence and look at multiple time-frames before making a trade.
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No setup. Check out the daily chart. 200sma is right above where you entered. Heavy resistance there.