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brianweber

The trend is your friend on IWM

Long
iShares Russell 2000 ETF (AMEX:IWM)  
brianweber Updated   
AMEX:IWM   iShares Russell 2000 ETF
Trend Analysis Chart Patterns brianweber IWM russell2000 btd swingtrading
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trendanalysis chartpattern brianweber iwm russell2000 btd swingtrading
I'm looking to buy at the $154.50 level when we pull back. This is approximately the 50 day sma and ema on the daily time frame.

I have a limit order to buy April $155 calls at $5.15 per contract. The current mark is $7.10.
Comment:
Almost in the BUY zone!!
Trade active:
Filled on April 2018 calls.
Comment:
Realized I had 10 calls on the order for $155 April 2018. Sold half to reduce my risk for a solid 1R gain. Going to let the other 5 ride with an adjusted stop loss.
Comment:
The actual entry x stop according to ThinkOrSwim is $156 x $153.75. Target is $159.40 for 2R.
Trade closed manually:
Closed the trade manually due to weakness in the market for less than 1R loss. Will look for another setup this weekend to re-enter a long position.
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