Reversed my thinking on this as price kept testing the trendline under the vwap and 20ma while bouncing down off the 50ma.
Shorted at 18.68 with a stop just over the 50ma at 18.80
Stopped out again
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-05-01 10:44:06 | RIG | sell | $18.680 | short |
2015-05-01 10:44:06 | RIG | sell | $18.680 | short |
2015-05-01 11:02:24 | RIG | buy | $18.800 | short |
2015-05-01 11:02:24 | RIG | buy | $18.800 | 0 |
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