MELA Trade on Mar 11, 2015 13:51 from foldelinio_BOWS: Tradervue User Stock Trades.

2.7M float/9% short of float/17% institutionals

Stop: 3.26$ 1st entry/ 3.25$ 2nd entry
R: -0 1st entry/ -1 2nd entry

As per playbook, I asumed this to be a runner. After the opening spike, it faded quickly and did not hold. I wanted to short the spike into resistance, but utterly failed to see the basing pattern as well as the fact, that shorts were probably all over it already.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-03-11 13:51:59	MELA	sell	$3.170	short
2015-03-11 14:15:37	MELA	buy	$3.200	0
2015-03-11 14:25:25	MELA	sell	$3.150	short
2015-03-11 14:48:36	MELA	buy	$3.230	short
2015-03-11 14:49:14	MELA	buy	$3.220	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MELA&trade=2045542&end=20150410&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MELA&trade=2045542&end=20150311160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=MELA&trade=2045542&end=20150311150014&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

MELA Trade on Mar 11, 2015 13:51 from foldelinio_BOWS: Tradervue User Stock Trades.

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