Thoughts during trade:
It moved upward in the morning and started "coiling". I was able to draw a trendline, and I entered when it broke this trendline.
After thoughts:
This was not a clean flag. This is a common mistake for me: mistaking a descending trendline for a flag. It's important to remember that the best flags will have a sustained morning move. Either 2 or more sustained green candles OR big green candles followed by very small pullbacks.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-01 10:08:31 | ISR | buy | $2.690 | long |
2014-04-01 10:33:04 | ISR | sell | $2.630 | 0 |
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