Play: Bear flag
Overextended on the daily, it was flagging but couldn't keep going. It broke down the MA's but missed that entry. It had a dead cat bounce and got into that. I sold too fast on the 2nd target. Should have been a bit more patient.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-31 11:05:58 | BIOF | sell | $6.000 | short |
2014-03-31 11:06:05 | BIOF | sell | $6.000 | short |
2014-03-31 11:11:32 | BIOF | buy | $5.860 | short |
2014-03-31 11:11:32 | BIOF | buy | $5.860 | short |
2014-03-31 11:14:11 | BIOF | buy | $5.780 | 0 |
nice, caught it as it was rolling over, underneath that 9ema. Agree with K man, you got the VWAP right there and the 20ema coming up as well so most likely only a scalp trade.
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i thik this is good as the vwap and all that was under..u only get so much room.
its a scalp trade