Inverted head and shoulders on the SPX?
- Thread starter fantastic4
- Start date
Took fill at 749.50 after several touch and no fills at 749.00.....all 751.00 entries now covered holding all 753.00 entries for first target at 747.00....set another target at 743.00Quote from AMT4SWA:
Sold additional positions at 753.00.....first target now at 749.00 and then next target at 747.00
Ok....fills at 754.50 now.....I will set a target at 751.50 and all other targets remain.Quote from AMT4SWA:
Took fill at 749.50 after several touch and no fills at 749.00.....all 751.00 entries now covered holding all 753.00 entries for first target at 747.00....set another target at 743.00
Quote from AMT4SWA:
Ok....fills at 754.50 now.....I will set a target at 751.50 and all other targets remain.
OK. Is this more or less what you do?.
You clear your "bad inventory" (sold at the lower rotation in this case) as soon as you can at small profit or BE, and keep the "good inventory" (the one sold at the highest rotation in this case) for an extended exit strategy?.
What % of your max size did you execute on the earliest short entry?.
Thanks
JW
I cycle positions in and out as I build up a bigger sized trade while working what I see as high probability areas/zones to take advantage of. I enter new entries at each sign of buying exhaustion on intrabar pulses into the move. I would do the same thing if I was buying a zone with just the opposite delta readings intrabar.