I thought this was a good intraday setup, and what I thought was a good daily setup. But perhaps the daily didn't make sense, and perhaps in retrospect, the intraday wasn't really as good as I thought either. The momentum from the morning was largely negated by a large 2' selloff bar. The reaction to that was also negated by a large red bar. So though I was taking the 2nd leg of a double bottom at MAs as a pullback trade, on a gap-up day with a strong open, the signals might have been saying otherwise.
Had a nice BT 2' candle for signal at MA+VWAP, triggered in, but then hesitated before stopping out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-09-10 09:59:50 | GPS | buy | $29.310 | long |
2018-09-10 10:08:28 | GPS | sell | $29.230 | 0 |
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