This was actually on my watchlist for a bull flag. But I saw an opportunity to short when stock opened weak and pulled back to MAs.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-10 10:59:27 | FRX | sell | $56.020 | short |
2013-12-10 12:39:49 | FRX | buy | $55.500 | short |
2013-12-10 14:02:18 | FRX | buy | $55.420 | 0 |
It appears your entry was early off that extended flush. A lower risk entry was the backtest of the falling MA's. Great cover spots.
Nice trade again Suma! You seem to have a good intuitive sense to your trading.
What i like is , u didnt cover on that BS spike to 20EMA. Well played.
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Good Play!