Great close at highs from previous gap and hold. On radar this am but shook out weak hands and back up at highs. Long with a stop -.50 and rolled over. I believe seeing similar setups and Sayed said that intraday V or double top is cause to pass. Lesson learned.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-21 09:51:39 | AWAY | buy | $48.490 | long |
2014-02-21 09:56:46 | AWAY | sell | $48.050 | long |
2014-02-21 09:56:46 | AWAY | sell | $48.050 | 0 |
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I'm not a fan of continuations off of a gap up runner the day before. Having said that, the 30m chart is beautiful. It looks like you executed your thesis well and got out quick when it didn't work.