I was watching ATOS from pre-market gappers. When this got above 20 SMA on the daily and then popped over the 9 EMA intra day I entered. This didn't end up moving and I stopped out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-24 10:28:01 | ATOS | buy | $2.651 | long |
2014-01-24 10:45:04 | ATOS | sell | $2.600 | 0 |
Thanks for the feedback Nape. I would have bought probably 4 candles back, except that the 9 EMA was above, so I wanted confirmation that it would be able to break that. With that in mind, do you think I should have taken the trade 4 candles back, or not at all? Would you have taken it 4 candles earlier when it broke trend upward?
I would have passed on it all together. I'm not seeing a good enough setup to even want to take this trade.
Thanks for the input Nape. It is always valuable. You're right, there was really no setup other than my expectation that there could be a bounce from the gap.
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Bit of a chase. You bought the 5th green candle. That's to extended.