Was early and still watching the 1 min chart. Saw this as an upside down 123. When it couldnt hold the high, As soon as it got under the 9EMA, shorted for the flush. Scaled out on the way down and added some shares when it stalled. Sold out a bit to early, but overall happy with this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-04-09 10:00:06 | YELP | sell | $69.170 | short |
2014-04-09 10:01:21 | YELP | buy | $69.000 | short |
2014-04-09 10:03:25 | YELP | sell | $68.900 | short |
2014-04-09 10:03:53 | YELP | buy | $68.720 | short |
2014-04-09 10:04:04 | YELP | buy | $68.580 | 0 |
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Ok, I see what your doing riding this puppy down. LIke a see saw. Very interesting style. Seemed to work, and you didn't have too many shares at any one time either.