I saw a flag forming on the daily and 5 min so I went for a short on the tightening range. I got shaken out of it, but I still liked this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-05 11:30:29 | RLYP | sell | $18.070 | short |
2016-02-05 11:30:30 | RLYP | sell | $18.060 | short |
2016-02-05 11:45:58 | RLYP | sell | $18.070 | short |
2016-02-05 11:54:02 | RLYP | buy | $18.049 | short |
2016-02-05 11:54:35 | RLYP | buy | $18.110 | 0 |
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Of course it could work, but the daily doesn't just scream at me that there is an edge either direction to me. I dunno.