Roger...as I stated below on the move up to 2073 was an
objective area to hedge/short. Objective does not guarantee but the
SPX pulled back over 10 pts from that point which matches your
trendline resistance. Project, monitor, and adjust in accordance
with YOUR OBJECTIVES (that includes profit goals, trading time
frames, etc).
Roger...as I stated below on
Steve: attached is a 2-hr SPX chart. Where I have ...
Posted by steve on 2nd of Apr 2015 at 01:06 pm
Roger...as I stated below on the move up to 2073 was an objective area to hedge/short. Objective does not guarantee but the SPX pulled back over 10 pts from that point which matches your trendline resistance. Project, monitor, and adjust in accordance with YOUR OBJECTIVES (that includes profit goals, trading time frames, etc).
Also, I traded the morning
Posted by frtaylor on 2nd of Apr 2015 at 01:27 pm
Also, I traded the morning high successfully for a short trade, but that was off a 5 minute chart, and I closed that.
Well done..best to shift down
Posted by steve on 2nd of Apr 2015 at 01:28 pm
Well done..best to shift down to a smaller time frame once in the trade unless you are a pure swing trader.
Sure. But also trying to
Posted by frtaylor on 2nd of Apr 2015 at 01:24 pm
Sure. But also trying to make sure I understand the 3-bar back test approach you have taught.