Shared by
singham_BOWS
Daily: Flag breakout
Intraday: Day long consolidation
Entered on break of third tap to the trendline with stop at 20 EMA.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-24 13:13:54 | KERX | buy | $15.800 | long |
| 2014-01-24 13:17:51 | KERX | sell | $15.710 | 0 |
Comments
singham_BOWS
During these kind of days, is it better to buy within the base, near support? But isn't there always a chance of base breaking down, so I am kind of confused. What are your thoughts?
Nape_BOWS
Today was a scalp type of market. Hit and run. You have to learn all the setups that are taught in the bootcamp to use in a market like this; and you have to make sure your setups and and entry are nailed to the T.
A lot of intraday pullback plays where working well if you know how to play them in today's market.
Sayed
When Market is down that hard be careful playing breakouts cause the people who bought lower will get nervous and take profit right a that resistance.In this 15.40 buyers.
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Bought near resistance which was the hod. That's a tough buy to anticipate a breakout with the market being down so big.