DYAX Trade on Apr 9, 2015 09:38 from EliBrown: Tradervue User Stock Trades.

Very happy with how I managed this trade. My mistake was I had to small of a position with where my stop-loss was placed. I only enter 100 shares because I chased my entry pretty far from the apex of the bear flag on the 1 minute and my risk was increased with the distance from the EMAs. With a $0.20 stop I could have got away with a 500 share position with such a high probability trade. My first entry was at 29.70 and I had a mental stop at 29.90. I was watching the tape and waiting for the asking price to move up and the speed at which the covers flowed in. I covered 50 shares at 29.14 and 25 at 28.76 when both the chart was getting extended and a high number of green prints came flowing in. I held onto a 25 share core position and traded around it.

I shorted another 100 shares at 29.10 on the pullback to the 9 EMA, waiting for resistance to hold and entering on the first red candle back through the EMA. I covered up these shares near my support level at 28.66. After the stock bounced off the support and the 9 EMA held again

I shorted another 100 shares at 28.96, again waiting for the first red candle. I covered up all 125 shares at 28.85 when the tape was showing a tug of war between buyers and sellers. A more even distribution between red/green print as oppose to mostly all red from the opening hours. The stock also couldn't reach its previous lows before going green and tested the 9 EMA soon after my entry which signalled the flush was over.