In hindsight there was no daily setup and was hitting resistance at 165. Intraday triangle so longed at apex and put stop under 9EMA (-.65), Target +1.50. Got hit on stop but never closed under the MA so poor stop placement and ended up hitting target.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-28 10:19:56 | BIDU | buy | $164.390 | long |
2014-01-28 10:32:49 | BIDU | sell | $163.830 | 0 |
It's a tough one. These long wicks got me a couple times today as well.
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It did crack that 164 level which probably would've got me out as well, but your right never closed under that level! That's a tough one...always happens like that!