Shared by
kylejensen34_BOWS
Daily Setup: Earnings Gapper
Intraday Setup: Flag above VWAP with 9EMA rising below
Entry: $52.75 Target: $54.00 Stop: $52.30 r/r: 2.5:1
Detail: Bought when after bouncing off of 9EMA made a consolidation flag above VWAP with 9EMA rising below. Stopped out when price dropped below flag pole and 9EMA, before continuing up.
Takeaway: The price bounced off of my stop on the penny which is very frustrating. The play to take was the 9EMA bounce, but I was not watching at that time, and should have waited for confirmation of consolidation break upwards.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-04 10:45:23 | BRY | buy | $52.750 | long |
| 2013-11-04 10:52:26 | BRY | sell | $52.300 | 0 |
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