-Parabolic trend
-Tight 3 week pennant continuation
-Wide spread between 50 and 200 daily SMA indicates strong trend
-Daily Bollinger band contraction with price sitting on 20 day median moving average
-Good volume on fridays close
-BATS Exchange issue sitting just off ATH above $100
30 basis points planned, will buy intraday break of pennant
-Tight 3 week pennant continuation
-Wide spread between 50 and 200 daily SMA indicates strong trend
-Daily Bollinger band contraction with price sitting on 20 day median moving average
-Good volume on fridays close
-BATS Exchange issue sitting just off ATH above $100
30 basis points planned, will buy intraday break of pennant
Trade active:
Order filled
Comment:
I am happy with this close even though I bought the daily high
Comment:
New ATH for the BATS Exchange issue overnight
Comment:
A nice gap up today
Comment:
Stop moved 13.59
Comment:
Stop at entry @ 13.70
Comment:
3 day trailing stop rule in effect at 14.44
Comment:
Trend still looks healthy on BATS exchange issue with a 12 day congestion surpassed on good volume into all time highs on a friday close.
For these reasons, I have elected to pull my take profit order and trail my stop at the low of the day as they close (Last Day Rule)
For these reasons, I have elected to pull my take profit order and trail my stop at the low of the day as they close (Last Day Rule)
Trade closed: stop reached:
Happy with that
+3.13
+3.13
SL @ 13.47
TP @ 14.70