Nice controlled flag to rising 9EMA. Stop -.30, Target +.45, +1.
LESSON: On this pattern should have not taken profits so quick. Target 1 should have been flag highs for better R:R. Also P/B to support AND rising 20EMA was the place to add back!
WEEKEND REVIEW LESSON:
1 - 1st sell target should always be most recent resistance and not before.
2 - Don't put stop at support, expect P/B to Support and look to add back 1/2 on bounce.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-11 10:18:47 | SFUN | buy | $59.220 | long |
2013-11-11 10:44:25 | SFUN | sell | $59.930 | long |
2013-11-11 10:55:06 | SFUN | sell | $60.400 | long |
2013-11-11 11:14:56 | SFUN | sell | $59.350 | 0 |
Pleased with entry and again need to work on leaving final small partial under support as this one ran for +5 and never gave reason to sell till then
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Played well imo...I dont think you waited too long at all for the first profit lock...very nice bro bro