I shorted once it broke back thru the 9EMA, as it appeared it was not going to run any higher. Covered 1/2 at my first target. I decided to use the 9EMA as my stop/loss instead of my short price. Small gain, although I did give half of it back.
Execution detail:
You had this one nailed. Use the em's to guide you down. It never broke above resistance.
oooh nice man u ahd the the right idea on this
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Great entry! You are good at these short entries my friend! Log that into your journal, 'cause I can see that you've got this. And great first partial cover. Too bad you got wicked out for the rest. Next time, consider getting back in when it failed to hold the 9ema again - especially after it failed the 20ema too. That was the spot! Double push down by the ma's