Daily: 2nd (or 3rd) day continuation
Intraday: bear flag, VWAP
The daily wasn't ideal because of the 3rd down day. I somehow convinced myself that previous down day on X was the 1st breakdown day from the range so today would be just 2nd day, the 200 SMA was close.
I got in on the bounce off VWAP/9 EMA and was stopped out. It tried to go green and failed so I got back in then added some more after the VWAP test.
I covered 1/2 near LOD when it didn't seem to be able to break LOD right away. My read was that it would probably grind down but could chop around quite a bit so I put my stop at breakeven and then moved it down to the next lower high after a new low.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-04-17 10:01:55 | X | sell | $29.080 | short |
2017-04-17 10:06:13 | X | buy | $29.290 | 0 |
2017-04-17 10:25:13 | X | sell | $29.350 | short |
2017-04-17 10:50:29 | X | sell | $29.050 | short |
2017-04-17 12:05:45 | X | buy | $28.850 | short |
2017-04-17 14:58:00 | X | buy | $28.540 | 0 |
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