SPX I took a double my normal size entry long via SPXL off the
3,920s area where I released another 1/3 of my hedge position
(SPXS) into the strength. I have 1/3 of my hedge position left
(took that trade originally with the system on Friday close) and a
great entry long into an overshoot of the demand zone
(today).
I sold the small bounce premarket this morning after buying SPXL
yesterday at 3,987, the low 4,000 and change somewhere is where I
sold. Didn't like the gap, though certainly didn't expect this
dump. Patience has paid this week. Pretty stretched away from the 5
and 9 day mas again here now, risk/reward:
SPX I took a double
Posted by fundamentalvalues on 6th of Dec 2022 at 03:59 pm
SPX I took a double my normal size entry long via SPXL off the 3,920s area where I released another 1/3 of my hedge position (SPXS) into the strength. I have 1/3 of my hedge position left (took that trade originally with the system on Friday close) and a great entry long into an overshoot of the demand zone (today).
I sold the small bounce premarket this morning after buying SPXL yesterday at 3,987, the low 4,000 and change somewhere is where I sold. Didn't like the gap, though certainly didn't expect this dump. Patience has paid this week. Pretty stretched away from the 5 and 9 day mas again here now, risk/reward:
https://schrts.co/qedpsEzU
schrts.co
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