Number of tickets: 2
I'm still getting the hang of aligning the daily chart with the intraday chart. I figured that it would be gearing up for a flag breakout on the daily. However, I should've realized that the 48.75 area would act as resistance (this area formed the previous day).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-28 14:31:02 | EXR | buy | $48.500 | long |
2013-10-28 14:32:05 | EXR | buy | $48.500 | long |
2013-10-28 14:32:05 | EXR | buy | $48.500 | long |
2013-10-28 14:32:05 | EXR | buy | $48.500 | long |
2013-10-28 14:57:54 | EXR | sell | $48.450 | long |
2013-10-28 14:59:46 | EXR | sell | $48.450 | long |
2013-10-28 15:00:21 | EXR | sell | $48.450 | long |
2013-10-28 15:00:21 | EXR | sell | $48.440 | 0 |
Chased to far out of that intraday base. I'm learning i'd rather take 1/2 the shares at the apex with stop under, then chase and get shaken out on retest.
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You also had a lot a price resistance around this area.. http://screencast.com/t/zpHGUjL0rgC