If the candle forming today closes inside the top 30% of the prior candle i will be using it to trigger trades tomorrow. Will update this idea as the market develops.
Trade active:
Gap up puts me leaning long, but looking for a possible gap close to jump in. This could be a great day trade but also a location for a run to 460 ish.
Trade active:
So far so good, no real gain but nothing bad either so just hold and see.
Trade active:
finally the range broke up and trade is in good profit, will start to actively manage the stop around the top of the range. This gives it space to roam, but also protects a nice profit.
Trade active:
My position is using options so my max loss or full stop is the debit price of the option spreads i have, so I will hold till expiry end of next week.
Trade closed: target reached:
we are within a tiny bit of hitting the 460 i mentioned weeks back, and a week end of decay, Thanks for following along