Thanks... That is all I am really trying to do most days is just grab a few points if I can or ride the trend. That is why I am gonna start focusing on the 7 - 9 AM hours for initial trade entries and then through the opening. I am trying to work on sticking with positions through the Fibonacci pullbacks but some are 50% and hard to watch that, especially those times where it is not a pullback but a reversal. Trying to play it better each day...
I have placed a buy stop above my entry which was 1317.75. The stop is above the high of the day. I am now walking away.
Not a bad idea, seems like we are going to keep rolling up and down like the Bering Sea in the Deadliest Catch! 1309.50 or so is the next bottom price target/support if we keep falling.
I am somewhat relieved that 20 MA crossed below my entry (1315.00), that was a close shave on bullish xover that did not happen for me, seems to be a safe enough short till EOD, but let's not be too optimistic
1309.50 was the support level so be ready to pull the trigger as it bounces off of that real fast... Also 1311 would be beyond the 50% retracement so that might indicate a move back to 1312 so watch that line carefully