Market went into red trading mode on April 6th for QQQ, and on SPY as of today . That puts SPY and QQQ below their daily 21 ema's and I see some stage 4 downtrends in the works on certain groups too . XLC is one of the weakest groups .
To short something I want to see:
1)QQQ/SPY in downtrends and below their 21 emas , we have this .
2)LL ( lower lows ) and HL ( Higher lows ) structure and even better would be stage 4 DT's on instrument we are shorting , we have this too .
Risk will be managed similarly to my longs but I am going to sell 1/2 at 2R and then set a breakeven stop , whereas with my longs I am selling 1/3rd at 2R and maintaining original stop . I might change the short side trade management still getting my bearings with shorts .
Anyhow ,
XLC , Short
entry 61.17
initial target 64.27
risk 0.5%
To short something I want to see:
1)QQQ/SPY in downtrends and below their 21 emas , we have this .
2)LL ( lower lows ) and HL ( Higher lows ) structure and even better would be stage 4 DT's on instrument we are shorting , we have this too .
Risk will be managed similarly to my longs but I am going to sell 1/2 at 2R and then set a breakeven stop , whereas with my longs I am selling 1/3rd at 2R and maintaining original stop . I might change the short side trade management still getting my bearings with shorts .
Anyhow ,
XLC , Short
entry 61.17
initial target 64.27
risk 0.5%
Nota
correction HL should say LH on chartDagangan aktif
De risked this and stop on balance is BE .. Finally a short that worked lol . 3 times stopped on XLY and once on SPY . XLC is the weakest of them ..Nota
covered some shares here on todays 1st entry long by bulls ...still holding final 1/4 and will exit on WPDagangan ditutup: hentian tercapai
Balance of this covered on friday via updated protected stop , was also a close above 21 EMA and a HH...
艾力克~
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艾力克~
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.