Over extended on the daily chart with high stochastic reading. Price crossed the ichimoku cloud into bearish territory. Shorted bounces, wasn't too happy with my entry as I shorted off the 9ema but noted this doesn't work too well after the first hour. My strategy means I don't trade the open so today removed the 9ema from my charts.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-07-01 11:27:00 | DMRC | sell | $42.650 | short |
2015-07-01 13:02:00 | DMRC | buy | $42.420 | short |
2015-07-01 13:08:00 | DMRC | buy | $42.290 | short |
2015-07-01 13:10:00 | DMRC | buy | $42.250 | short |
2015-07-01 13:23:00 | DMRC | sell | $42.580 | short |
2015-07-01 14:15:00 | DMRC | buy | $41.900 | short |
2015-07-01 14:29:00 | DMRC | buy | $41.570 | short |
2015-07-01 15:20:00 | DMRC | buy | $40.900 | 0 |
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