Shared by
tee
Truthfully I saw a short opp at 20.55 area between the R3 support break and MAs below but was scared, waited for more confirmation.
Then on my first short I saw the failure to hold R3 support, then it moved to VWAP/20ema area.. it showed some doji candles for a pause then I shorted the failure to remount the MAs, looking for a continuation to the 60ema first.
It stayed sideways and I added my second half as it got closer to my stop. It never flushed below my entry area and i stopped out eventually.
Other resource names were strong today, although this daily chart was in a downtrend and today's high was a 9ema rejection.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-12-20 11:23:23 | TECK | sell | $21.380 | short |
| 2016-12-20 12:57:44 | TECK | sell | $21.410 | short |
| 2016-12-20 14:30:00 | TECK | buy | $21.470 | 0 |
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