I will wait until tomorrow to short and I will look for a 410-415 IDEAL ENTRY LEVEL and will look for a 384-380 target.
My stop will be 425-430.
Just giving a heads up early.
correct on trend but I always make sure I have a shorter term target that I take profits on and a longer one where I do cut short at times. The spy trade I had going I booked partial profits and the longer target was closed today before it hit my stop because I saw currency markets turning up and spy hitting fib zone where it bounced arond and then started to turn up.I explained it before it happened and charted it and said what I was looking for. But in short I was wrong and made sure I cut it early enough.Most of the time it does not come back and bite me but I consider everything first,what is oil telling me,currencies,S&P, Sometime my trades last for weeks. I am still learning thanks for the advice and you are absolutely right about knowing what I am doing, Money Management is the most important thing in my point of view. I read your comments and really pay attention and I am already looking for my first market profile reading. I hope I did not confuse.Thanks for your time.