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right - I shorted yesterday's bounce using SSO and covered at 57.35 today. I'm actually long w/ a pretty small SSO position from 57.25, stop at 57. To my untrained eye, I can see (or imagine?) a 5-wave structure off the high at SPX 1422.
That is an objective entry so simply trail stops up and see what the bounce will give you.
Okay - I'll pm you guys about how to trail a stop effectively. For now I've moved it to 57.15, just below the low of the day.
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right - I shorted yesterday's
SPX 5 and 10 with Fibs
Posted by frtaylor on 4th of Apr 2012 at 01:57 pm
right - I shorted yesterday's bounce using SSO and covered at 57.35 today. I'm actually long w/ a pretty small SSO position from 57.25, stop at 57. To my untrained eye, I can see (or imagine?) a 5-wave structure off the high at SPX 1422.
That is an objective entry
Posted by steve on 4th of Apr 2012 at 01:59 pm
That is an objective entry so simply trail stops up and see what the bounce will give you.
Okay - I'll pm you
Posted by frtaylor on 4th of Apr 2012 at 02:04 pm
Okay - I'll pm you guys about how to trail a stop effectively. For now I've moved it to 57.15, just below the low of the day.