The volume delta has been to the downside for the last hour and this after a significant trendline break yesterday. Added to this a two point stop is, I fear, too small. You also entered long after a test and break below VWAP. If you're not looking at volume, vwap or trendlines then what are you looking at?
Well I missed some very nice short setups, so that long was just a scalp. Notice how i took it before VWap? basically a pause at VWAP was my cue to exit. Am I pretty dissapointed at myself for not hitting those shorts earlier at VWAP and yesterday low? yup.
And also the time stamps are off. that long scalp was at 7:12:52 and exit was 7:16:09 they dipped it 2 ticks below 90.75 at and then took it back up to which i hit the buy.
We live and we learn, to quote the cliche. I missed the protracted sell-off into the close yesterday. Gotta be like a hawk in this game. That double top today around the 2201 pivot was a strong signal we were likely to test the lows. Good trading.
Oh, I think I've got you. You were trading the bounce off of vwap? My vwap was around 94.75 and it did bounce up to the exact midpoint pivot of yesterday's range at 97.50. You entered after the bounce and when it had pushed through (on my chart type, anyway)?
Just hovering below, as I type. I would always wait for a break and retest though. Lunchtime near and my prediction would we oscillate untill a possible break in the afternoon?