Shared by
charlesk_BOWS
stop 25.70
1-2-3 setup also a triple tap. I chased a bit but as with everything else today.. as soon as I enter it stops moving in the direction. I pulled the stop up to my buy as it was consolidating sideways and I had to take a work call. so it dropped and knocked me out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-11-18 13:49:38 | GOGO | buy | $26.120 | long |
| 2013-11-18 14:39:40 | GOGO | sell | $26.000 | 0 |
Comments
iStryker_BOWS
ok look at the 20ema and 9ema on the 5min. They pinched together @ 25.60ish and see the 15 minute flag before it. That was your entry 25.63-25.69. For your stop draw a trendline. http://www.screencast.com/t/xNmPXskZe. So your stop would be 25.47ish to start.
Pretty good stop price. I would've sold this thing flat. I probably would've sold half @ 26.50 to lock in profits, especially on a chase. (Yes I know you only had 100, but get in the habit in selling half)
Nape_BOWS
Sayed
1-2-3 setup entry was 25.50-25.60
charlesk_BOWS
yeah I need to review notes. I was actually waiting for it to cross 26 on confirmation of the triple tap, even after I had already seen the 1-2-3 and should have just entered. Thanks guys
markmandy54_BOWS
Tuff to read as the daily showed a reversal candle the day before and all day price was making lower highs and lower lows
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It seems to me you were a bit late on the entry on this 1-2-3 reversal setup, a better entry imho was a bit under $26ish but the sucker just did not have any juice for a run.