Monday, July 27, 2009

July 27 Live Intra Trade


Good afternoon. Took a not so symmetrical triangle breakout. Down a couple points so far today. 1 ratio scalp on 1/2 position and 1 loss.

Target is 982 resistance area and extension to 996 area. This market is tight and constricted. Low probability extension during afternoon session but have to stick with my premise.

If 963.50 holds, which is likely, we could see an extension overnight.

Let's see if this trade goes anywhere.

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