Buy was slow, wanted it around 47.06 as it broke my trend line. Stop was very close as it was riding the 9EMA. Got in as it approached previous high. It tapped the 47.22 area 6 times then broke down through 9EMA to 46.96 (I got stopped out at 46.98). Three candles later it made a 7th tap and broke through for a 40c rip. My stop was too tight, as it could've been a bit looser and still respected my $100 max loss.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-10 15:04:15 | ISIS | buy | $47.180 | long |
2014-01-10 15:36:17 | ISIS | sell | $46.980 | 0 |
Good point. The rip I wanted was still there, but it didn't have time or steam left to make a real rip.
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Had some nice flag patterns earlier you could have hit, but I would have passed on this one as it is extended on daily chart.