Similar to my AAPL example that I provided a link on-- take a look at LNKD today... Price rises rapidly during the first 15 min bar of the open.... In the meantime to the left of the chart we see strong resistance from 5/18 where price drops violently from a high of $ 109.47...time at this level is minimal... a stop above the high of the day with an entry on the 3rd 5 min candle that failed to make a new after a large extended range candle resulted in a drop of almost 3 1/2 points... Most interesting however is where price stops and reverses-- $ .04 above the pivot low from Friday! $ .04!!! Why didnt market makers not only take out the low... but drop drastically below the low??? Surely the MMs see the stops???
Starting date = 05.July.2012 Starting account balance = $10,000 Trades = 0 Winners = 0 Losers = 0 Win rate % = 0 Total Profit = 0 ------------------------------------------------------- Trade 1 Crude Oil Light Sweet Sold short at 87.25 at 13:30 New York Stop = 89.27 Risk = $500,- Limit = 78.65
Hey Atticus, what will happen tomorrow at US unemployment rate. USD up or down ? I have no idea. Whats your thoughts ?
Summary - Trade 1 Trade 1 Crude Oil Light Sweet Sold short at 87.25 at 13:30 New York Stop = 89.27 Risk = $500,- Limit = 78.65 07:50 New York Close at 85.17 Profit = $515 risk/win = 1 : 1,03