Shared by
mirko_BOWS
Tried to go long on the 9EMA pullback once it showed strength and bounced off the 9EMA but no go. Popped a bit and I was looking to bounce to the HOD but instead faded so I shorted afterwards once the trend change was confirmed.
One mistake I did was not bailing out a bit earlier as soon as it broke below the 9EMA but I was too stubborn.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-03-14 10:25:18 | ACHN | buy | $3.480 | long |
| 2014-03-14 10:25:41 | ACHN | buy | $3.480 | long |
| 2014-03-14 10:25:41 | ACHN | buy | $3.480 | long |
| 2014-03-14 10:25:41 | ACHN | buy | $3.480 | long |
| 2014-03-14 10:25:41 | ACHN | buy | $3.480 | long |
| 2014-03-14 10:25:41 | ACHN | buy | $3.480 | long |
| 2014-03-14 10:25:41 | ACHN | buy | $3.480 | long |
| 2014-03-14 10:25:41 | ACHN | buy | $3.480 | long |
| 2014-03-14 10:25:41 | ACHN | buy | $3.480 | long |
| 2014-03-14 10:25:41 | ACHN | buy | $3.480 | long |
| 2014-03-14 10:25:41 | ACHN | buy | $3.480 | long |
| 2014-03-14 10:25:41 | ACHN | buy | $3.480 | long |
| 2014-03-14 10:39:02 | ACHN | buy | $3.410 | long |
| 2014-03-14 10:39:02 | ACHN | buy | $3.410 | long |
| 2014-03-14 10:39:02 | ACHN | buy | $3.410 | long |
| 2014-03-14 10:39:02 | ACHN | buy | $3.410 | long |
| 2014-03-14 10:39:02 | ACHN | buy | $3.410 | long |
| 2014-03-14 10:39:02 | ACHN | buy | $3.410 | long |
| 2014-03-14 10:39:02 | ACHN | buy | $3.410 | long |
| 2014-03-14 10:39:02 | ACHN | buy | $3.410 | long |
| 2014-03-14 10:41:18 | ACHN | sell | $3.415 | long |
| 2014-03-14 10:41:19 | ACHN | sell | $3.420 | long |
| 2014-03-14 10:41:29 | ACHN | sell | $3.420 | long |
| 2014-03-14 10:41:29 | ACHN | sell | $3.420 | long |
| 2014-03-14 10:41:29 | ACHN | sell | $3.420 | long |
| 2014-03-14 10:41:29 | ACHN | sell | $3.420 | long |
| 2014-03-14 10:41:29 | ACHN | sell | $3.420 | 0 |
Comments
mirko_BOWS
I agree on chase mate, thanks for pointing that out. Regarding the MAs you are right as well, my thinking was that it already managed to pass it on the opening and at the time of the entry was looking good and started to cross above the first MA on the daily but no go.
I guess the reason is too much of the resistance overhead combined with the market state in general.
Sayed
Trade would have been the 1st 9 ema bounce.Was worth a shot though.
Yup Sayed, I should have went long on that 2nd green candle after the pullback to the 9ema. But I just waited for a bit more of confirmation since the market was messy all day and I ended up chasing :/
Thank you man for the feedback!
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Bit of a chase. Also on daily chart you have 20ma and 50ma right there on top.