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harryexe
Oct 26, 2016 4:37 PM

Shorting divergence on SPX500 Short

US SPX 500OANDA

Description

Missed the breakout from the neckline from one of my previous trading ideas. Reentered at the 61.8% retracement. Stop loss will be previous high

Trade active

Just got filled in on the short in it's retracement. Let's see how this goes. It's one of the lower risk:ratio trade I have taken so far but is something I've recently learnt.

Trade closed manually

It seems to be finding buyers at 2130 and I close it the second time it was tested. It's very close to target anyways. It was about 1:1.4 risk:reward, as such with a 2% risk, that's a 2.8% reward!
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