Daily parabolic short. Dropped straight on the open with a temporary stall around 29.2 area.
Shorted at 29.03 as price broke the low of the day on a triple tap bottom.
The only problem is the difference in the level of the 200ma on the 5 min charts on my two charting packages.
TC200 shows it at 28.98, whereas TOS shows it at 29.34.
There appears to be definite support showing up around 29. A close watch and a tight stop needed.
Price soon dropped through the support.
Covered a third at 28.66, when price stalled out for a while. Turned out to be the low of the move.
Should have covered more but moved stop to breakeven and watched most of the profit disappear.
Could have taken so much more profit in this than I did.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-09 10:05:57 | DYAX | sell | $29.030 | short |
2015-04-09 10:05:57 | DYAX | sell | $29.030 | short |
2015-04-09 10:53:27 | DYAX | buy | $28.660 | short |
2015-04-09 11:17:30 | DYAX | buy | $29.040 | 0 |
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