Bought this as a nice slow pullback to the 9ema. Unfortunately, it pulled back further and on through the rest of the day.
Chart as I saw it - maybe a time where overnight data hurt me
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-27 10:42:09 | MRK | buy | $53.590 | long |
2014-01-27 10:57:56 | MRK | sell | $53.310 | 0 |
@Nape it looks quite different with overnight data - I tend to include that on gaps but maybe I shouldn't
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No coil action or your moving averages never flatten out. No setup there.