Shared by
acelaw2000_BOWS
DAILY BULL FLAG/2ND INTRADAY BULL FLAG
breaks out of bull flag on the daily chart.
looking for an entry on the second intraday bull flag. Entry was perfect filled a stop limit order @ 33.51 as a resistance line had formed at 33.50. Problem with this trad is that I used the intraday 20 ema as my support. Had i used the last highest low, this trade was a winner. Instead i was stopped out by a strange 15 min of trading.
Conclusion: either last highest low as stop out or use upward trend line keeps this one alive! risk was larger, stop further away, less profit, but would have been a winner.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-06-08 13:05:38 | IQ | buy | $33.510 | long |
| 2018-06-08 13:05:38 | IQ | buy | $33.510 | long |
| 2018-06-08 13:06:30 | IQ | sell | $33.090 | 0 |
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