Matt, regarding the 2 hr. IWM chart you posted showing the
backtest of the broken trendline, how much room do you give your
short position? Looks like IWM has broken to the upside just a bit.
Thx.
yeah I mean IWM closed over the 9 EMA yesterday, on that 2hr
price is above the trendline, pre Christmas etc. remember you can
stop out and re enter the trade if it sets up better again. Decide
if you want to give it a bit more room or not.
I'm not really trading much here, working on other items
IWM 2hr
Posted by matt on 21st of Dec 2020 at 07:51 pm
IWM - Chart Link- backtested the broken trendline there at the close, lower risk short there
Matt, regarding the 2 hr.
Posted by DK on 22nd of Dec 2020 at 09:59 am
Matt, regarding the 2 hr. IWM chart you posted showing the backtest of the broken trendline, how much room do you give your short position? Looks like IWM has broken to the upside just a bit. Thx.
yeah I mean IWM closed
Posted by matt on 22nd of Dec 2020 at 10:21 am
yeah I mean IWM closed over the 9 EMA yesterday, on that 2hr price is above the trendline, pre Christmas etc. remember you can stop out and re enter the trade if it sets up better again. Decide if you want to give it a bit more room or not.
I'm not really trading much here, working on other items
Thanks matt, I'm hanging with
Posted by DK on 22nd of Dec 2020 at 11:25 am
Thanks matt, I'm hanging with the trade to see if this could be some kind of double top with some divergence via the 60 mim chart. Time will tell!
IWM green, RVX green. Interesting
Posted by DK on 22nd of Dec 2020 at 11:37 am
IWM green, RVX green. Interesting