Shared by
TomB_BOWS
Triple tap bottoming pattern after not being able to stay above MA's. Entry should have been closer to 8.27. Scaled out into the flush.
Symbol: OREX
Time of trade: 12:28am
Size of Position: 200
Day trade
Price: 8.18
Market above/below 50 DMA: Yes
Setup: Triple tap bottoming pattern
Long/Short: Short
Gain/Loss: +$.12/+$+.25/+$37.00
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-05 12:28:27 | OREX | sell | $8.180 | short |
| 2015-03-05 12:30:59 | OREX | buy | $8.060 | short |
| 2015-03-05 12:34:55 | OREX | buy | $7.930 | 0 |
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