The flat top failed to go on the daily. I eyed it for a short after it gapped down and consolidated.
Entry:Bear flag pullback to 9EMA
Exit: Covered quickly in halves as I was trying to to not give away any profits this time. But in hindsight it looks like I left some behind on the table.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-22 09:45:47 | IQNT | sell | $12.600 | short |
2014-01-22 09:48:46 | IQNT | buy | $12.460 | short |
2014-01-22 10:01:32 | IQNT | buy | $12.270 | 0 |
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Great entry. The first cover is a sell area -- it's confirmation of the bear flag breaking down. Otherwise, great move.