RA, if this makes you feel any better, my hypothetical swing short of the week for my trading room today was short @ 89.25, stop @ 90.25 (I'm a bit ambivalent about this stop and think 91.00 would be better but since it's hypothetical I don't care), and target of 83.00.
I feel good about it. What I'm pissed about is yesterday when I went in with three I should have stopped them all out at 87.30 because I knew how important that level was because of the almighty profile. Trying to scale stops in "open air" is basically guessing. When I got out of the doctors this morning I should have just exited everything because I just had to much else going on to focus on reality.
Everybody but RA buying the dip today? Or do we have some other courageous shorts? Best trading to everyone.
I just moved my stop to to b/e this 30 min bar closing below 89.10 gives me a little confidence but not enough to add. Profits will be taken at 87.90 if we get there. Today pretty much just seems like a choppy mess or you could say a consolidation before a break higher to the mid 90's.
ZZZZZZZzzzz... eh? uh? what? Hey, go pick on somebody your size, you pivot-trader! [Incidentally, 90% of the days the open is one of the best trades and the hour or so pre-market tends to be choppier and more erratic, but today it seems the nice trades were all in the European morning... aahhh those sim-bucks! ]
+.85 Damn! Out .86 - was trying to tighten the stop, moved the target instead. Jumpy anyone? That's number 55 for those keeping track Stop was meant to be at .80 Looking to re-enter, but fumbling lunch