I was attemping a breakout pullback here, at least that's what I thought. As I look at this trade now, there was no setup here. 9EMA and 20EMA were curling down so it seems that I was going against the trend. I thought that once I saw it breaking above the Vwap and then the MA's, I had a setup. Another thing I did wrong here is that I was chasing the entry (if there was one that is)... Still lots to learn.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-23 11:43:49 | MPC | buy | $89.060 | long |
2013-12-23 11:45:30 | MPC | sell | $88.890 | 0 |
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