know what you mean, been above 60 for 6 days now and hasnt broken thru,make you wonder about distribution,can't believe you start accumulating at top of 70- 80 pt run
filled on 5.75 bid, todays rth profile was a p shape which suggests higher tommorow http://www.elitetrader.com/vb/showthread.php?s=&threadid=127338&perpage=6&pagenumber=2
add 68.75,seems to be a large offer there..avg 65.25 reduce 7.25..hoot i do the avg myself,i dont use the last in 1st out avg on the screen..like to know the cumulative positiion
yes. say you are short 7 units,it pulls back ,you cover 2 or 3,it rallies ,you put them back out ,raise your avg price,rinse repeat,eventually we correct and you are already short to take a profit
i rarely take the max dollar loss.less than 15% of the time,so ya make money 85%,just patience,i just play the short side so sometimes you wont trade for a week or more,once in you just defend your position til we correct
heres this mornings low,i was looking at another timeframe this morn,dont remember what but that cleavage was 51.5-53 ,had a 52 bid for reduce did not get filled posted chart earlier with a major tl in spx