SPX500 hit a top WALL, short position opened.

FX:SPX500   S&P 500 index of US listed shares
a year ago
The SPX500             seems to have hit a wall on hte top side at around 2097 after multiple touch but really unable to punch through the roof.
I have opened a short position when I saw that bearish engulkfing candle ( I dont trade candle formation but sometime it helps confirming a trade)
My stop loss goes above the previous resistance level and my target is at the previous support. SImple!
a year ago
Trade closed: target reached: Just reached my target at 2053.6 with a profit of +315 pips
I could have left the trade running but I feel that generally it is best to start a trade with a definite SL and TP, it helps with being clearminded when you take decision about a trade rather then waiting to be involved with money and then take decisions then.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out