On daily was bearflag breakdown. However, on this market gapdown day all setups were not working. Noticed that bull flag within gap fill area and accumulation in 5/3/1 min trend. 0.5% stop 3:1R, decided to try scalp it; long entry within flag; decided to take profit near $29. could have sell 1/2 and run rest, but this is expansive stock and could have gotten another 1% out of this. Oh, well. This trade brought me up to positive side after 4 bad trades in the morning that hit stops.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-04-05 12:49:00 | UAL | buy | $28.520 | long |
2013-04-05 13:18:00 | UAL | sell | $28.970 | long |
2013-04-05 13:18:00 | UAL | sell | $28.970 | 0 |
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