Although daily was extended thus lowering probability, intraday bear flag i couldn't pass up. Stop -.60, Target +2. AS fell buyers started to step in so took off +1.50.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-14 11:04:59 | BIDU | sell | $164.200 | short |
2014-03-14 11:14:27 | BIDU | buy | $162.690 | 0 |
Quality setup, quality entry, quality exit...And you know what they say, quality over quantity.
Both entry and exit were perfect! Review this intraday setup often, and remember how you executed and what you did and saw - this is what you want to do all the time :))))
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Nice play on the coil down.