Play: Flat top break out
Making new highs, was tapping 11.10 area with MA's underneath. I like this play as it is low risk (5cent) for big reward. Unfortunately, it didn't go. But it is a good loss in my books.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-19 14:55:53 | HZNP | buy | $11.130 | long |
2014-02-19 14:55:53 | HZNP | buy | $11.130 | long |
2014-02-19 14:55:53 | HZNP | buy | $11.130 | long |
2014-02-19 14:57:02 | HZNP | sell | $11.070 | long |
2014-02-19 14:57:11 | HZNP | sell | $11.075 | long |
2014-02-19 14:57:11 | HZNP | sell | $11.080 | 0 |
I guess you chased it a bit with your entry but I guess it was worth of shot! A bit messy candles intraday as well but damn, not sure why they don't seem that way when looking in tc2k.
you are right, candles are a little messy. Should have stayed out of it especially when the market is choppy.
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
I too like these.