Was looking for price to breakout above 6.0 in the 2nd min of trading buy price dropped and found support @ 5.30. Shifted buy stop from 5.9 to 5.7 to 5.56 and then it was hit. From there price went cleanly but took profits a little prematurely. Could have waited for a retracement to fail or a failed flag...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-20 09:44:11 | IPCI | buy | $5.579 | long |
2013-11-20 09:50:04 | IPCI | sell | $6.060 | 0 |
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