Thursday, August 1, 2013

review /ym 8/1

Lets review our trading plan...

1. We did not take the gap this morning (first of the month is a bad time for gap fills, also this was a large gap) and actually rode the trend from 15558 and set our limit at 15582 this trade was quick and we netted 24pts in 10min. We took this trade because we opened above the month high, we were in an up trend and had overhead  resistance in the range of 15581-15591.

2. R1 @ 15595 has gained our interest since it was tested twice and held both times. This level will be monitored closely.


No comments:

Post a Comment