I tried to short earlier and got in too early and took loss and missed the big move. Cleared my mind and watched for play as had the momo today. Reversion play bounce off support and backtest of previous trendline. Stop -.75, Target +1.50, +2, +3. Didn't run like should and when the falling 9EMa on the 5min caught up overhead i took all off as should have ran to it and not bear flagged.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-14 09:57:22 | SSYS | buy | $117.510 | long |
2014-01-14 10:03:23 | SSYS | sell | $118.950 | long |
2014-01-14 10:20:43 | SSYS | sell | $119.060 | 0 |
I use the 2 min for the first 30 min or so along with the 5 min.
I botched trading this name today. I had it on short watch and it gave 2 perfect setups and i missed both. Great lessons to be learnt today.
good job bro! but you called that short!
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Mark nice play. Do you use charts less than 5 min often?