Nasdaq - Ultra tactical short into potential strategic swing. Short

US 100 IndexFXCM

Description

⋅ Feb 10, 2015 4:40 PM

Risk reward: 1 by 10

short 20% of AUM. Risk 20bp, potential profit 2%.

Short 20% at 4253 stop 4300 on close.

Reasoning:
- Market was unable to make new tops since November 2014.
- From observation, large Triangle after new relative tops are likely to be preceding a correction.

If breaks out decisively - loss 20bp - Manageable.

Comments

HexVex

⋅ Feb 13, 2015 1:06 AM

Don't quit your day job

charlie.delta.trader

⋅ Feb 10, 2015 4:58 PM

#BUY USindexes