Bought this on the breakout-WANTED TO BE SURE THAT THIS CLEARED THE RED CANDLE LENGTH BEFORE IT. Saw some weakness at 27 and bailed out then. SHould have continued to monitor this for another entry as it flagged later.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-03 09:34:13 | OLN | buy | $26.820 | long |
2013-12-03 09:45:18 | OLN | sell | $26.960 | 0 |
Chris, the candle at about 3:30 pm; there were 2 wicks that day that went to the 26.85 level or so, when price broke today i took that as a signal.
OK! I thought that's what you meant and that's a legit setup ... Where was your stop if it didn't work? For me I'm not a huge fan of that kind of trade because the only reasonable stop I can see is the lod and that's really far away.
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Which red candle are you referring to? Where was your stop?