Question for Grob/Hershey

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gerry

I posted my entry. My bracket entry short was at 1206.75. Was up 2 pts when I moved stop to breakeven. Stepped out for a bit and when I came back I see I was stopped out to the tick and now moving down again. Dontcha luv it. Was up 3.25 pts at low. Thats what you get for leaving the scene.Clearly I should have moved my stop up when I left but did not expect that kind of bounce. :(
 
Quote from makosgu:

This is so important to see one of the greatest items that is on the table - "HOLD".

Thru bar 15...
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Great. My perspecitve this morning was yesterday being a trending day that opened at the low and closed at its high with a range of about 20. We had a 5 point gap down from yesterdays high. Thats about a quarter of yesterdays up cycle. Does the market want to retrace and break down through the midway point(10pts) of yeterdays up cycle or hold above the yesterdays midday point. Odds are higher imo for a break down as the longer term trend is down and yesterday(as a whole) was a retrace of the LT.

This morning volume was greater than 20 k avg. Great volume. All channels that could be drawn on the 5 min are pointing down. So short and HOLD looks good to me.
 
Quote from easyrider:

gerry

I posted my entry. My bracket entry short was at 1206.75. Was up 2 pts when I moved stop to breakeven. Stepped out for a bit and when I came back I see I was stopped out to the tick and now moving down again. Dontcha luv it. Was up 3.25 pts at low. Thats what you get for leaving the scene.Clearly I should have moved my stop up when I left but did not expect that kind of bounce. :(
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what was your init. stop? after you were stopped out - did you enter in the other direction?
 
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