Buy
I will close at market close as I don't want to hold over the weekend.
As always, buy means buy market open, sell means sell market open, no trade means no trade. Target 13, stop 15.
Today I will hold for target. I won't put on another trade because I don't want to hold over night and get hit with the jobs numbers before market open on Friday. If target or stop is not hit by market close today, I will close the position at market close.
Tomorrow I will either buy at market, or sell, or do no trade. If I say buy, that means buy at market open, if I say sell, that means sell, and if I say none, that means no trade. Stop loss will be 15, target will be 13 from market open.
By the way, here's my totals since November, just to give you an idea of how it works:
November 8 2011 + 13
November 9 0211 + 13
November 15 2011 - 15
November 16 2011 + 13
November 17 2011 + 13
November 21 2011 + 1
November 23 2011 + 13...
The question today is whether to cover and go long, or continue short and wait for target. If I continue to hold with same target and stop loss, I will type = continue, if I switch long at market open I will type = long which means 13 target, 15 stop loss and long at open.
I'm starting one soon. For now I'm posting my trades in the Education Resources section under live trades tomorrow. It doesn't cost anything to watch me and see if I'm worthless or worth something.
I had mentioned all the details on my thread at T2W, I thought I had here as well. My SL is always set at 15 and target at 13, unless otherwise specified.