MELA Trade on Mar 11, 2015 10:30 from Driver42_BOWS: Tradervue User Stock Trades.

Short 3.46 stop 3.66.
After the long trade stopped me out the price recovered but stopped at vwap (3.65)
Price then dropped down through 9ema and 20ma before creating a flag that broke to the downside.
Waiting for price to break down through 3.20 area (15min 20ma) so moving stop to 3.4 just in case of a sudden turnaround.
Covered some at 3.3
Covering some more at 3.28.
Just a minor portion left just in case of another flush
11.18 Looking promising for another leg down a price is resisted by 9ema (3.35) and 50ma (3.35), although the 15min 20ma is now at 3.32 which is going to give some support.
11.36 Shorted a small position to add to last few of first position as price broke through 15min 20ma and pierced the trendline formed in the last forty minutes. Stop pm these at 3.40
Covering added shares 3.09 as downward movement is stalling at 30min 20ma (3.06)
12.30 Moving stop to 3.32
12.50 Moving stop to 3.22
Added once more at 3.06 as price came down off 9ema to retest low of day at 3.05 for the fourth time. Stop 3.2 on these
13.16 Stop moved down on all to 3.15