"Mistake trade. I bought when the price was hitting the upper channel (resistance). I did not draw the channel so I was not avare of it when I did the trade. Stock pulled back taking my stop. The pull back was deep so I lost some money on this one.
Set up: No
Stop: 39.89"
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-26 12:36:00 | ANF | buy | $39.980 | long |
2014-02-26 13:03:00 | ANF | sell | $39.650 | 0 |
Hi. I usually use 1 min chart for exact entry and 15 min chart to find the support and resistance levels. ( and of course daily chart ;-)
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I traded both ANF and PLUG - do you usually trade using 1 minute charts and daily?