Sunday, November 23, 2008



Short @ 143.51

reasons- gap, dbl top, 5/8cross, macd cross, stochs rolling down.

+20, the move was more, but I was attempting to set a profit target and this thing exitted.

Note the larger move that occurred. At this point it is +150. 4hour chat looks like it wants to roll up, but it needs to breathe down first, this is the breath down. My target is the daily pivot which ties into s/r @ 141.4433 which would be a 200pip move.

Took a second trade fading this. Got slaughtered. Tried to find resistance to fade into with a fib point, it ended up slowing down, but i missed the move.

-30

No comments: