Playing this as a short with a Triple Tap break down.
Got out of this trade for a small loss once it grinder the other way and broke the EMAs.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-07-13 10:55:40 | XOMA | sell | $4.630 | short |
2015-07-13 11:28:42 | XOMA | buy | $4.700 | 0 |
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I was also short this stock. Covered where you did and then just shorted again.
But here were my entries http://prntscr.com/7sa3wr
When the overall trend broke I looked to short the pops. One of my favorites is the VWAP fail which I took twice as you can see. Also notice that the VWAP in both of these instances was an area of resistance.
Another thing to notice, on flat bottom break downs, they work much better when the range is tight http://prntscr.com/7sa5s4