I thought this was a picture perfect set-up. It consolidated throughout the day. The 9 was turning up right underneath it and it just broke the VWAP.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-30 13:20:58 | Z | buy | $107.485 | long |
2014-04-30 13:45:19 | Z | sell | $106.885 | 0 |
It was turning up and was looking good there. I agree with Nape about getting in a bit earlier, probably closer to 107. By watching the 1min chart that would help in this regard, around 1:16pm is the candle to have gotten in at. And slightly over 108 is the resistance area to take some off the table....
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Bit of a late entry. Should have hit it around $106.90 for a scalp to $108.