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Matt - Thanks for pointing these out. Where would you place a stop loss on this type of trade? Just under SPX's opening gap?
your stop on that 5 min SPX/ES/UPRO etc would now be the higher low from 20 min ago at 2912
need to see the ribbon now flip back positive. the pullback was a little more than you typically get on a trend day as it went below the 50 MA and VWAP
Thank you for the detail, much appreciated.
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Matt - Thanks for pointing
SPX 5 min
Posted by shecar on 8th of May 2020 at 01:55 pm
Matt - Thanks for pointing these out. Where would you place a stop loss on this type of trade? Just under SPX's opening gap?
your stop on that 5
Posted by matt on 8th of May 2020 at 02:12 pm
your stop on that 5 min SPX/ES/UPRO etc would now be the higher low from 20 min ago at 2912
need to see the ribbon now flip back positive. the pullback was a little more than you typically get on a trend day as it went below the 50 MA and VWAP
Thank you for the detail,
Posted by shecar on 8th of May 2020 at 02:50 pm
Thank you for the detail, much appreciated.