I was able to find an intraday pullback on this one. Sold some into the first spike, then closed my position because I had to go to work.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-21 11:40:13 | UA | buy | $111.748 | long |
2014-02-21 11:54:33 | UA | sell | $112.430 | long |
2014-02-21 12:25:35 | UA | sell | $113.250 | long |
2014-02-21 12:25:35 | UA | sell | $113.250 | 0 |
Thanks. But looking at it now I see that I would have actually gotten a better entry if I would have waited for the confirmation instead of anticipating. But on the flip side, I feel like my risk is better managed when I anticipate a bounce at a certain price level than if I wait until it breaks into its run.
That's a tricky balance at the moment. But I'll get it to perfection though.
Yea the entry could have been better, but I think you managed it well though.
Very nice orderly 1st pullback to 20 EMA. good entry.
very nice..! this one shook me earlier, but this is where i should have reentered...! perfect 20ema bounce
Thanks guys!
Sayed, I've begun to notice that the most orderly pullbacks are after 3 - 4 red candles on the 5min chart. Is that a good rule of thumb to use to recognize them?
5 min is ideal from 9:50AM-11:30 AM.
Or as long 20/9 EMA has not been tested on 5min.
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Nice work.