CLICK HERE FOR TONIGHT'S VIDEO COMMENTARY AND TRADE REVIEW FOR THE PAST TWO DAYS 16 MIN
We got the selloff today that I was looking for yesterday. I had a couple failed breakout short attempts yesterday attempting to catch the move that ended up happening today.
I caught a piece of the move down today. The prep was fairly basic as there were only a couple possible outcomes. Either inside support holds or the market corrects to 1092.00.
I was not interesting in getting long at potential inside support this morning. It could have been done with relatively low risk but the probe of the 1111.00 resistance area in the Globex session gave me an overwhelming short bias.
I am down slightly over the sequence due to the failed attempts yesterday and a late day/late sequence short today which was too aggressive. I could not pass on it because there is no support below this area until 1078.50.
The most notable thing today was my correct exit with 3 points profit and premise that the price would retest my mid range breakout entry point.
I did not execute the trade. My goal right now is to start executing some of these with no confirmation.
I did a VIDEO review of my trades for the last two days. It is fairly interesting.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.