Shared by
ballhog409
The first trade here I was looking for a bear flag as it was moving up to the 9ema but I think it didn't work because there should be a pop up to the 9ema and not just gradually moving sideways into it. I then noticed that yesterday there was a bounce back to the previous flush level so I waited for the same pattern to develop (resistance at old breakdown price) and rode it down for a good gain.
Tried a third time but the volume fell off dramatically for lunch and I got stopped out after a bit of a spike.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-09-02 10:53:09 | ACI | sell | $6.000 | short |
| 2015-09-02 11:03:00 | ACI | buy | $6.080 | short |
| 2015-09-02 11:03:00 | ACI | buy | $6.107 | short |
| 2015-09-02 11:03:00 | ACI | buy | $6.112 | 0 |
| 2015-09-02 11:51:15 | ACI | sell | $6.410 | short |
| 2015-09-02 12:16:40 | ACI | buy | $6.230 | short |
| 2015-09-02 12:16:40 | ACI | buy | $6.230 | short |
| 2015-09-02 12:16:40 | ACI | buy | $6.230 | short |
| 2015-09-02 12:16:44 | ACI | buy | $6.234 | 0 |
| 2015-09-02 12:28:34 | ACI | sell | $6.350 | short |
| 2015-09-02 12:43:21 | ACI | buy | $6.400 | short |
| 2015-09-02 12:43:21 | ACI | buy | $6.400 | short |
| 2015-09-02 12:43:22 | ACI | buy | $6.405 | 0 |
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