I think that this was the best setup of the day - Short at 894. The current trend is short. My trend is defined by watching the 30m chart and Daily chart determining the trend. In some of my earlier posts I've discussed my rationale for why I think that we are now correcting from the 950 level.
I was tempted to short at 894, but I expected a retrace to 900. When that didn't happen - I decided to be patient. The retrace never occurred. Stochastic and CMF both confirmed the MACD price divergence. I was satisfied with patience and discipline of not jumping in just to trade - although I didn't add to my equity today. I'm preserving and waiting for better opportunities.
Posts
0 comments:
Post a Comment