Not to be. Trail-stopped out at 1462.25 for +9. Now flat. 1454.50 is still not out of the question, but if it gets there, it will be without me. R/R doesn't let me re-enter short here.
nice filter... to keep you on the right side of the trend for most of the day. there are a lot of tools you can use to increase probability in your favor. it doesn't have to be too complicated, and key thing is to stick to your rules. otherwise market will smack you around with a wet salmon.
see how the market is entering a transition period... below can be sell stops... and above buy stops... of these transitions periods.. a similar transition period occurred around 68.
Recalculating here... The 1454.75-1453.25 area is looking more and more likely to me. Presently flat, but I would be inclined to try another short from 1463.75 if we get there, with a close stop.
1463.75 now invalidated. Looking for the next move to be up to 1465.25. EDIT: Long from 1461.25, 6-tick stop. Initial target 1465. EDIT: Stopped out. 1454, here we come?