Looks like that turned out to be a well timed trade.
Nicely done.
The trend is up!Let's see.. +6.5 - 75 equals...
Short 2891.75 Initial stop 2903.25
The intraday downtrend started well above where we are now. Thus, I have to give this trade more room.Why was your stop so tight at 2897 short, VS this short at 2891.75 which is wider? If and when your trend is down? I am trying to understand your estimates of volatility?
Long 2892.00, anticipate 2903.00 Support and stop above 2807.00.
The intraday downtrend started well above where we are now. Thus, I have to give this trade more room.