For intraday "Honey Hole Expedition" today is 4th time in the last couple weeks, a little harder today, not easy money today. well, still a very good planing for the trade, me thinks.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
The pullback should be bought again (a little late while I'm typing) but since it broke the EMA20 a little bit so beware sometimes it means it's the last rebound before the uptrend ends.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
BullBear52x wrote:My stops is new HOD, good luck, Peace!
Looking at your chart (SPX with TRIN, RSI, etc.), I noticed that most of the selling comes on THE DAY AFTER your sell signal fires. Wouldn't it better to short towards the close (and hold overnight). In your case, would you just leave your short position on with stops in place?
Maybe because we had a small sample size. Best of luck.
BullBear52x wrote:My stops is new HOD, good luck, Peace!
Looking at your chart (SPX with TRIN, RSI, etc.), I noticed that most of the selling comes on THE DAY AFTER your sell signal fires. Wouldn't it better to short towards the close (and hold overnight). In your case, would you just leave your short position on with stops in place?
Maybe because we had a small sample size. Best of luck.
It depends, the day you position your trade you are day trade, to position at the best place, ie: my entry is 3060, now I am taking in 5 handles on half of the lot. my stops on the other half lot is at 2065, I am playing with house's money atm. if it got taken out so be it. it is what it is, if not, for months on in I will not bother. (3065 stops GTC.)
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:My stops is new HOD, good luck, Peace!
Looking at your chart (SPX with TRIN, RSI, etc.), I noticed that most of the selling comes on THE DAY AFTER your sell signal fires. Wouldn't it better to short towards the close (and hold overnight). In your case, would you just leave your short position on with stops in place?
Maybe because we had a small sample size. Best of luck.
It depends, the day you position your trade you are day trade, to position at the best place, ie: my entry is 3060, now I am taking in 5 handles on half of the lot. my stops on the other half lot is at 2065, I am playing with house's money atm. if it got taken out so be it. it is what it is, if not, for months on in I will not bother. (3065 stops GTC.)
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.