Tuesday, November 9, 2010

Swing Trade from last Friday-Update

Short from 1222.50 Friday Nov 05 and from 1224.50 today.Now in profits : + 16.5 Pts and + 18.5 Pts.
Targets as specified and according to price action.

Wed, Nov 10 Update :
So far, the scenario laid out in my Blog Post from Sunday  is playing out pretty well
First target reached at 1202 for + 22.50Pts of Real Live Trade Profits ALL ENTRIES AND EXITS POSTED LIVE ON THE STOCKTWITS FEED

Trade Setup Today :

 Intraday 5min Bearish Engulfing Pin Bar at Key Resistance Level on Lower Volume
 US Dollar breakout above Prev High and UPCross of Prev Close at 11:10am est
 Breakdown below Key Institutional Level : 1218.50  on the Third Hour ( as submitted to Investor Group )
  Weak Internals : Financials and the Four Horseman
  MACD Bearish Divergence
  RSI ( 2 ) Reading : 100- Two Consec. Days
  Key Reversal Dates Window
  TTT -Sell Short Day : worked like a champ !
Today : Bearish Outside Day and Closed below Friday's Low as expected in Trade Plan
Will Update on this Post. Stay Tune.

1 comment:

  1. Surf or ski. Bullish into next week? POMO and OPEX.