First short was on failure to break MA with support overhead. Added to position on the ftbd of $53. Sold into the spike at the first level of support, covered the rest as it broke over resistance. Scratch trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-10 13:19:00 | TWTR | sell | $53.140 | short |
2014-02-10 13:53:35 | TWTR | sell | $52.980 | short |
2014-02-10 13:54:34 | TWTR | buy | $52.870 | short |
2014-02-10 14:01:12 | TWTR | buy | $53.080 | 0 |
I don't use the VWAP on my charts; I try to play just price and volume (and the MAs too I suppose). Perhaps I should add it for a few days.
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The ideal entry was 2 candles before when it kept tapping the VWAP in a tight range but you still got it for just a few cents less which is alllll good