Shared by
tradejazz
Resting on support. Cracked.
Some execution issues in montage but worked out. +0.29 on 150.
2nd time. Resting on Prior Day Close. Target 10.22.
Better entry was pullback to 9ema. Moved down stops
to lessen higher risk. Stopped on bounce back.
3rd time. Basically the same thing. Bad timing and overtrading.
Eventually cracks again. Requires patience.
Tight stops good for this type of play but best to be in front of these
legs with a core, and already some profit from an earlier scale out.
Review notes:
20 EMA Pullback. Also downtrend pattern alternating between 9ema and 20SMA on pullbacks
and consolidations.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-01 11:17:48 | VLTC | sell | $11.270 | short |
| 2015-05-01 11:24:14 | VLTC | buy | $11.040 | short |
| 2015-05-01 11:25:33 | VLTC | buy | $10.980 | 0 |
| 2015-05-01 11:54:53 | VLTC | sell | $10.670 | short |
| 2015-05-01 12:02:39 | VLTC | buy | $10.890 | 0 |
| 2015-05-01 12:11:41 | VLTC | sell | $10.730 | short |
| 2015-05-01 12:13:56 | VLTC | buy | $10.880 | 0 |
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