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BScripter_BOWS
Broke a flag on the daily chart to the downside so I was looking at this as a short. Flushed in the morning and I bought it as it pulled back to the 9 EMA. Scaled out as it flushed. I sold some off before it hit my target as it looked as though it was going to run to the upside so I decided to take some risk off the table.
Stop: 2.77
Target: 2.62
Reward to Risk: 2
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-03 10:23:41 | INO | sell | $2.710 | short |
| 2014-01-03 10:23:55 | INO | sell | $2.730 | short |
| 2014-01-03 11:16:01 | INO | buy | $2.680 | short |
| 2014-01-03 12:06:09 | INO | buy | $2.610 | short |
| 2014-01-03 13:09:45 | INO | buy | $2.480 | short |
| 2014-01-03 13:56:50 | INO | buy | $2.550 | 0 |
Comments
silverholden
Nape how would you have entered? I like this, he waited for it to test resistance and fail, and shorted then. He had all the ma's pretty close limiting his risk. Bscripter, how did you pick your target? LOD?
BScripter_BOWS
It was indeed the low of day...once it bounced a little bit before hitting the target though I scaled out a bit to limit the risk.
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Entry could have been better, but good exit!