peterfigliozzi, How did you come up with a target of 26.? Was it a based on a S/R line? or ? thanks, and nice job.
stop to 32.5. Should be fine if it turns out to be a trend down day. another possibility is a retest of 1535. if it fails again I will reshort it. If it breaks thru I will look to go long on a bounce at or near 1535. Otherwise i'll be holding this 2nd half short all day. I will close and go long however for a really good signal, which would be a 2nd failure to move lower with a higher low on the ticks and a/d line, over 15-30 min time period.
I just looked at Friday, there was resistance in the 24-26 area, figured that was a reasonable target. This second half is definitely a home run target. Seems like a good idea in situations like this, in early on what could be a trend day. Still I feel backwards, I should be biggest on the home runs, not half size. So many things to work on.
Sticking to the stated plan for possible further entries today retest of 1535: short on failure; or long on breakthru then pullback to support resistance with diverging ticks and a/d : long
times like this I have learned to focus on execution: - no open orders - make sure i'm flat - make sure i'm ready to get in on the pre-determined scenarios i'n the past i'd TA myself into some kind of trade