rlim
Short

Trade #4, SPY

AMEX:SPY   SPDR S&P 500
32 5 0
short SPY            
broke range downwards
Traded retracement.
Retracement didn't touch range, but in QQQ             and DIA             it did

Related Ideas

Should have waited longer.. now we got the retracement.
QQQ and DIA are back in the range.
Reply
rlim rlim
New updated channels
Reply
rlim rlim
SPY back in to the box and crossing over trendline
Reply
rlim rlim
Good call today.
I was early on the retracement.
But was correct by end of day
Reply
rlim rlim
I aggressively exited yesterday short call spread positions because I was worried SPY will see a support at 187.23 area (the open on Monday) and I had close to a 50% of expected profit. Didn't want to end up waiting for a week to actually reach the 50% of expected profit if I am correct.

I will need some confirmation tomorrow if we are at the bottom of a range. Even if we are at the bottom of a range, I don't think the risk:reward is warrant a trade. I expect strong resistance around the red trend line.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out