SPY and QQQ both below their 21 emas and markets in red trading mode for me .
SPY - Lower lows and lower highs confirmed , lost of 50 sma , below 21 ema .
Potential stage 4 downtrend setting up ?
Entry 439.58
Stop 426.66
PT 426.66 .Sell half and go BE
Risk 0.5%
SPY - Lower lows and lower highs confirmed , lost of 50 sma , below 21 ema .
Potential stage 4 downtrend setting up ?
Entry 439.58
Stop 426.66
PT 426.66 .Sell half and go BE
Risk 0.5%
Comment:
correction HL should say LH ( lower high )
Trade closed: stop reached
Comment:
Looking back at the trades so far this year and this is the worst one , it has all the elements of a good trade but no re entry after the initial stop which is a big fail for me . Will put this one on the wall to re-visit ... even if the re entry amounted to a loss , that's irrelevant . Re entry on an additional signal after being stopped the prior time , is very important , I missed this one and I am taking it as a lesson to work on .
艾力克~