Anticipated breakdown of triple bottom tap. Looked as though trend was changing with the lower high. Bad trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-21 11:11:30 | EDC | sell | $27.910 | short |
2013-11-21 11:15:48 | EDC | buy | $28.050 | 0 |
Would have looked at this as a bear flag and take the trade just as you did. Didn't realize this was a 1-2-3 setup. Need to remember that.
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I see what you are saying, that set wasnt there. 1-2-3 was there.