3309 Drysdale Ct
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SPY has traded just short of halfway up yesterday's down candle (in extended hours). Nice r/r spot for a short, which I did short. Past the halfway point and I'm out.
Got taken out, and now of course it's going lower. But not a bad trade considering the loss was very small.
It needs to build above not just poke...moved up into supply battle zone
Yes, but you have to put your stop somewhere. Mine was above the halfway point.
When did you short? Hopefully not after it reached support - sell supply with stops and buy demand with stops
As mentioned, shorted in extended market hours at 15.06 SPXS. Very small loss.
Okay follow your plan - things are far to fluid to post intraday squiggles
Possible that the pullback was a larger degree wave 4 if bulls can sustain (key support held overnight)
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SPY has traded just short
Posted by frtaylor on 10th of Nov 2023 at 09:25 am
SPY has traded just short of halfway up yesterday's down candle (in extended hours). Nice r/r spot for a short, which I did short. Past the halfway point and I'm out.
Got taken out, and now
Posted by frtaylor on 10th of Nov 2023 at 10:06 am
Got taken out, and now of course it's going lower. But not a bad trade considering the loss was very small.
It needs to build above
Posted by steve on 10th of Nov 2023 at 10:10 am
It needs to build above not just poke...moved up into supply battle zone
Yes, but you have to
Posted by frtaylor on 10th of Nov 2023 at 10:12 am
Yes, but you have to put your stop somewhere. Mine was above the halfway point.
When did you short? Hopefully
Posted by steve on 10th of Nov 2023 at 10:25 am
When did you short? Hopefully not after it reached support - sell supply with stops and buy demand with stops
As mentioned, shorted in extended
Posted by frtaylor on 10th of Nov 2023 at 10:28 am
As mentioned, shorted in extended market hours at 15.06 SPXS. Very small loss.
Okay follow your plan -
Posted by steve on 10th of Nov 2023 at 10:29 am
Okay follow your plan - things are far to fluid to post intraday squiggles
Possible that the pullback was
Posted by steve on 10th of Nov 2023 at 09:29 am
Possible that the pullback was a larger degree wave 4 if bulls can sustain (key support held overnight)