That was a nice quick $0.50 for the first "real time" trade call of this journal 
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Galt's Gulch
- Thread starter redbaron1981
- Start date
Wow might have got out of that trade a little to early but then again no plan can account for exogenous events like we just had now. I am 1.5 bars away from a long signal which is too close to the close of the US session for my liking so this will be me for today.
We have opened this morning very bearish and i am contemplating a short but will wait for the market to trade higher into the gap first.
I will give the market around 5-10 minutes before shorting providing conditions remain the same.
Just entered short @ 205.9 with a $0.50 stop
Stop now at 206.28
I have a limit to exit in at 205.44
100% position filled at 205.44 I would like to hold on for longer but the selling seems to be subsiding slightly. I do expect the market to trade lower but I am not as confident now as I was earlier on.
I don´t think that the conditions will be right for anymore trades today but will monitor accordingly. The market is acting like it has upside momentum in it so I am really looking forward to take a long somewhere but got to wait for the conditions to line up first but when everything does line up I think we could get quite a nice move to the upside. This will probably somehow align with the Greek situation being resolved. No complaints for today and I am quite happy with the trade I took and it felt right to get out where I did.
Long SPY @ 206.89