Down on the daily chart after bounce off 50ma on Thursday and Friday of last week.
I shorted this as it broke down through a trendline bottom. Looking further it had made a 123/double bottom.
Basing for about an hour it then broke up through the 20ma.
At this point I reversed my position expecting a bit of a run.
I should not have reversed this as it is down on the daily chart and therefor I am going against the flow.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-13 12:20:04 | YOKU | sell | $14.380 | short |
2015-04-13 12:20:04 | YOKU | sell | $14.380 | short |
2015-04-13 12:34:54 | YOKU | buy | $14.500 | short |
2015-04-13 12:34:54 | YOKU | buy | $14.500 | short |
2015-04-13 12:34:54 | YOKU | buy | $14.500 | short |
2015-04-13 12:34:57 | YOKU | buy | $14.500 | 0 |
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