Long off flag B/O. Stop -.20, Target +.40, +.55, +.75. Took off partial at +.40 and moved stop up under intraday support and 9EMA and got stopped on big volume selling. I could have played this one much better and taken off more at Target 1.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-24 09:46:23 | CRM | buy | $54.010 | long |
2013-10-24 10:13:16 | CRM | sell | $54.420 | long |
2013-10-24 10:58:03 | CRM | sell | $54.300 | 0 |
This is better. Good job.
Not a fan of the daily but I like that intraday entry and nice job on letting it ride to full 2:1 before selling any. Great trade!
I've really been looking specifically for these daily triggers on a Breakout pullback (on low volume) to new support (which was the breakout resistance) AND a rising 9 or 20MA.
You have found that to not be a good daily setup Chris?
I don't like bounces much in general, but in this case I see your setup on the daily, I just see the major support closer to the $51 level. It was still a nice trade and I def see the setup, just not a huge fan personally of the daily. :)
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2 minute chart is pretty!!!!!!