Was watching this for 20 dma moving average bounce. Held at open.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-09-10 09:53:21 | TSLA | buy | $164.360 | long |
2013-09-10 10:44:05 | TSLA | sell | $166.840 | 0 |
There aren't any moving averages on these charts. I entered the trade because TSLA had pulled back to it's 20dma the previous day. I waited for confirmation (3rd candle for me) before I got in. Probably could've gone on the second.
FYI, you can add moving averages to your charts if you wish - see
http://blog.tradervue.com/2012/04/04/chart-studies-and-comparisons/
@Genice
I think it would have been better to wait for the bull flag to form before entering the trade for confirmation imo.
It looks like your entry was where it was extended. Less risky if waited for flag to move.
Thanks for your comments. I see what you you mean about support and risk now.
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not seeing the setup on your entry