I thought this was a good entry on a good trade.
1. SPY was in an up move
2. SWKS gapped up on earnings, and was above all resistance for the past coupl years.
3. Lots of volume on a consolidation that bounced for 2 candles off the 9ema
I got a perfect entry, I thought, with a tight stop. Good thing, because it went the other way.
BOWS: Please let me know if I misplayed this, am missing something, or if you believe this is just one of those that don't work out. Thanks in advance.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-17 10:14:06 | SWKS | buy | $30.670 | long |
2014-01-17 10:16:02 | SWKS | sell | $30.670 | 0 |
2014-01-17 10:17:01 | SWKS | buy | $30.780 | long |
2014-01-17 10:17:06 | SWKS | buy | $30.780 | long |
2014-01-17 10:23:33 | SWKS | sell | $30.650 | 0 |
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Good try. I would have tried again on that bounce of 20EMA after 9 EMA failed.
NIHD pulled the same thing.