MYM

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MYM review as of September 24, 2021.
The MYM is striking at this time against a zone of strong resistance combining several factors:

- the moving averages of 20, 50 and 100 periods are around the current value of the security at 34674, its closing today;
- the recent past shows that several Hauts and Lows have struck in this area;
- the Bollinger bands are tightening and the current value of the MYM is in its center, at Moving average 18 or 21 periods;
- the volume / price also points in this place.

All of these factors combined increase the likelihood of either stagnating at the current point or either returning to the recent low at 33600, and possibly at the 200-periods Moving Average at 33000.
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Revue du MYM au 24 sept 2021.
Le MYM frappe à ce moment-ci contre zone de forte résistance combinant plusieurs facteurs:

- les Moyennes mobiles de 20 , 50 et 100 périodes se situent autour de la valeur actuelle du titre à 34674, sa fermeture du jour;
- le passé récent montre que plusieurs Hauts et Bas ont frappé dans cette zone;
- les bandes de Bollinger se ressèrent et la valeur actuelle du MYM se situe dans son centre;
- le volume/price pointe aussi dans cet endroit.

Tous ces facteurs combinés augmentent la probabilité d'une stagnation au point actuel ou soit d'un retour au creux récent à 33600, et possiblement à la Moyenne mobile de 200 périodes à 33000.

Comment:

2021-09-27 18h49
SHORT order placed with bracketed orders:
- Short = 34550
- Lmt Target = 33150
- Stop Loss = 35000

Trade active:

The SHORT was enterd at the 34550 value
- the session ended at 16h00 around the 34186 value:
. 34550 -34186 = 364 points, multiplied by * 0.50$ / point = +182$
- The STOP has been lowered at 34540 for a loss protection of +5$
- The LMT order was also lowered at the 33130 value aroune the Ma200,
for a possible winning trade of 1420 points (35000-33130) * 0.50$/point = +710$
An amount of 1000$ (depending of your margin required for this contract by you broker) is taken by your broker from your account to have the right to Short or Buy 1 MYM Future contract; theis amount is returned to your account when closing the position, plus the $ profit or minus the $ lost.

Trade active:

- STOP lowered to today's High (34451) +25 points = 34476
If touch, the protected stop gives us: 34476 -34550 (entry) = 74 *0.50$ = +37$
- The LMT order stays unchanged at 33130, around the Ma200

Trade closed: stop reached:

for a minus profit of +37$
We should have palced this stop a little bit higher, but... it's too late.