Play: Bear flag
Overextended, has history of fading, broke through ema's and VWAP then bear flagged into VWAP and failed. Got in on the break down, expecting a quick flush but it kept stalling as a big buyer kept showing up. It was also lunch time so took off.
Reasons to sell: time (expected a quick scalp but took too long), level 2 unable to break specific point, lunch time so less probabilities of working
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-30 12:22:29 | CDTI | sell | $2.780 | short |
2014-10-30 12:29:43 | CDTI | buy | $2.790 | 0 |
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