Double top occurred at 76% retracement of the big move to February 5th low.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Gentlemen, a cash close below 1120 is NOT a good sign. As Builder already mentioned, let tomorrow tell you how this lady wants to dance. I will be closing put my SPY 114 Calls if we fail to close above 1120, get back in when we close above it.
Not bad today. I did 4 scalps, 1 loss and 3 wins. On 1st trade which was a short, realized trade was bad and got out at small loss. 2nd trade was also a short at 1022 which worked out, and my 2 longs after that worked out.
Of course my 1022 short could have made me more money if I just rode it down, but any day where you end with a profit is a good day.
Yesterday I was thinking 1114 was too high and wanted to do an overnight trade short, but then decided to just wait for next day to trade, and very glad that i waited.
Of course my 1022 short could have made me more money if I just rode it down, but any day where you end with a profit is a good day.
Yesterday I was thinking 1114 was too high and wanted to do an overnight trade short, but then decided to just wait for next day to trade, and very glad that i waited.
Reversal day shaping up, good call whoever made it. I missed the double top short, like others I think I was looking for a couple points higher.
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