Bought a flag. Seemed coiled up ready to pop. No go.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-22 10:19:54 | MPEL | buy | $38.390 | long |
2014-04-22 10:19:57 | MPEL | buy | $38.390 | long |
2014-04-22 10:19:57 | MPEL | buy | $38.390 | long |
2014-04-22 10:26:26 | MPEL | sell | $38.200 | long |
2014-04-22 10:26:34 | MPEL | sell | $38.204 | 0 |
Yeah, what Nape said. Give the ma's & VWAP time to catch up and give it support. Those big green candles earlier need more time to settle. Plus, the high that it bounced off of has strong daily resistance, so it would take a bit more coiling and consolidation to be able to push past that
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No setup.. let the ema's catch up then determine your entry.