SU formed a WRB followed by a series of very NRB. Retracement was less than 50%. EMA's all in bearish orientation. Shorted on the break of base with 38.2% FE as target. Just before reaching the target it formed a hammer on 5 min and I exited completely for 2 reasons. Market is holding well after yesterday's huge rally. Secondly, SU already had a move down yesterday and I was expecting a short reversal/retracement.
2 comments:
Thomas,
Killer trades today! I thought it was a tough day and you did great. Keep it up.
Tyler
Thanks Tyler. Appreciate your compliments. It was difficult finding trades because I was looking for EMA's stacked in the direction of the trade and had to take some liberty. Luckily they worked today.
Post a Comment