So I was watching this based on the BOWS watch list. When this pulled back to 9 EMA I bought in thinking that I would get a 9 EMA bounce. I was anticipating, which is something I have told myself not to do. It did not bounce at the 9 EMA, although the setup was valid if I had waited long enough and studied this harder. It bounced on a longer term trend. So, I blew this one. I had a long position that I did not take advantage of, and could have shorted this down to the entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-27 09:58:18 | ZU | buy | $43.200 | long |
2014-01-27 10:21:07 | ZU | sell | $42.720 | 0 |
That buy was high given general Market action.This is the type of stock if u miss let it go and wait for it to come to u.Intraday has to be tight and well formed.
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