Daily approaching support but choppy. Intraday flat top. TArget +1, stop -.50. Took off early at +.50 as was lacking volume on the move up.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-25 09:55:26 | BIDU | buy | $158.490 | long |
2014-03-25 10:02:28 | BIDU | sell | $159.000 | 0 |
What are you talking about volume there was tons of relative volume on the 5 min.
Nice entry
@jmos setup I don't know, but look at the 5 min, it was making higher lower every candle
There is some volume there on the 5 minute, although I can see why you got out. Profit to take and the price action looks a little jittery. Great entry.
Here's what i saw J
http://i.imgur.com/23yia43.png
Stryker, as it pushed i saw declining volume and it appeared to start to roll over to me. There was volume right before the B/O
I feel an O/S bounce play is more successful when stock is outside the Bollinger band but here it is comfortably inside.
Also the 9ema on the daily is very close resistance so I feel the R/R is not great.
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What was your set up?