So easy in retrospect. So hard in real time.
Looked like the break of a flag with the MAs riding up underneath. Immediately reversed. No volume on the way in. Was on tilt this morning after TOS went down.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-06 10:23:58 | AKAM | buy | $56.490 | long |
2014-02-06 10:26:43 | AKAM | sell | $56.150 | 0 |
I can see what you were after here. Candles got really small, it was riding the VWAP tight. Not really any upwards movement yet though, had not really broken out.
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That gap up was something serious. Wait for the MA to catch up with the price as it tends to push it in the same direction, as long as it demands the kind of respect needed.