Counter trend SHORT...Swing trade...Oil went up too fast...
Shorting XLE as a counter trend trade. Strictly a swing trade.
RSI on a 2 hour Heikin Ashi chart is at 80. RSI 80 is my overbought signal for me.
I am bearish only a very short term. I am bullish on long and intermediate term.
Strict trade management is the key in this trade.
Learn, Plan, Size and Manage.
This publish is not an investment advice. I am not an investment advisor. So, you are solely responsible for your actions on your money.
RSI on a 2 hour Heikin Ashi chart is at 80. RSI 80 is my overbought signal for me.
I am bearish only a very short term. I am bullish on long and intermediate term.
Strict trade management is the key in this trade.
Learn, Plan, Size and Manage.
This publish is not an investment advice. I am not an investment advisor. So, you are solely responsible for your actions on your money.
Trade active:
2/22/2021 8:14 AM PST
tAndroid BOT +1 DIAGONAL XLE 100 17 SEP 21/16 APR 21 45/43 PUT @3.28 ISE
tAndroid BOT +1 DIAGONAL XLE 100 17 SEP 21/16 APR 21 45/43 PUT @3.28 ISE
Trade closed manually:
Though the market is weak, global oil mkt is strong.
So closed for an early profit.
2/23/2021 8:03 AM PST
SOLD -1 DIAGONAL XLE 100 17 SEP 21/16 APR 21 45/43 PUT @3.39 ISE
ROI: 3.05% including commission
So closed for an early profit.
2/23/2021 8:03 AM PST
SOLD -1 DIAGONAL XLE 100 17 SEP 21/16 APR 21 45/43 PUT @3.39 ISE
ROI: 3.05% including commission