Shared by
EL_BOWS
First entry was actually a bit of a chase. I'd been watching the flag and was waiting for confirmation but was looking at another chart when it broke. I figured it was still plenty buyable at 44.48 and looked at it as confirmation. Sold off a piece into the first spike, then another into the next spike.
Re-entered in the flag when the 9EMA was catching up, with a super-tight stop right under intraflag lows and right under the EMA. Got caught out on that, but kept watching as the flag continued. Got back in when it was heading for 45.05 on strong volume (where it'd tapped 4 times). Sold partial into spike, then another partial into next spike.
Re-entered again in another flag that was tapping new level of resistance (45.45) as the 9 EMA caught up. Sold into spike.
Re-entered AGAIN after the break of yet another flag and sold out in pieces as the day wound down.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-09 12:23:30 | ISIS | buy | $44.480 | long |
| 2014-01-09 12:40:26 | ISIS | sell | $44.730 | long |
| 2014-01-09 12:53:20 | ISIS | sell | $44.980 | long |
| 2014-01-09 13:12:09 | ISIS | buy | $45.020 | long |
| 2014-01-09 13:20:55 | ISIS | sell | $44.900 | long |
| 2014-01-09 13:38:11 | ISIS | buy | $45.010 | long |
| 2014-01-09 13:52:17 | ISIS | sell | $45.200 | long |
| 2014-01-09 14:16:46 | ISIS | sell | $45.350 | long |
| 2014-01-09 14:35:54 | ISIS | buy | $45.430 | long |
| 2014-01-09 14:51:07 | ISIS | sell | $45.600 | long |
| 2014-01-09 15:16:15 | ISIS | buy | $45.790 | long |
| 2014-01-09 15:32:37 | ISIS | sell | $46.200 | long |
| 2014-01-09 15:37:05 | ISIS | sell | $46.110 | long |
| 2014-01-09 15:52:44 | ISIS | sell | $46.180 | long |
| 2014-01-09 15:53:52 | ISIS | sell | $46.080 | 0 |
Comments
Sayed
Tell him Nape !
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Why so many buy and sell. Why not just ride the trend up. It never broke support.