I had played this for a parabolic short earlier in the day.
This time it was a long on the remount/retest and bounce off the 20ma and through the 9ema, 50ma and vwap on the 5 min chart.
Bought in at 29.24.
I thought with all the moving averages congregated together there would be more of a pop when it broke through but I should have given more credence to the longer time frame as the 15min chart had the 20ma not far above and the 30min chart had the 50ma at 29.28.
A quick pop to 29.25 was all it had in it before it turned south and stopped me out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-09 13:21:26 | DYAX | buy | $29.240 | long |
2015-04-09 13:21:26 | DYAX | buy | $29.240 | long |
2015-04-09 13:30:29 | DYAX | sell | $29.050 | long |
2015-04-09 13:30:29 | DYAX | sell | $29.050 | 0 |
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