Day-long consolidation flag break. Waited for confirmation (a bit too long), thought it would run for a few candles.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-17 14:23:47 | AEGR | buy | $63.320 | long |
2014-01-17 14:32:10 | AEGR | sell | $63.200 | 0 |
Need a better R:R ratio. First line of resistance around 63.70. A stop should have been placed about 30-35 cents away from your buy spot (below the MAs).
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I think the initial steep run up was more of a squeeze right into resistance from the daily 4-day free-fall