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Sold 3 @ 46.25...would have preferred 48s R1 to short - and range hasnt extended much, but signals gave a reasonable short here, so i took it.
Tick was pretty poor, plenty of tick div, my stop is just above todays high @1.75pts risk, targets are ETH lows which is >5pt normal targets. I am fighting a strong trend though so will see how this reacts to ETH and day vwaps, wld expect some demand coming in here....so i may bank 1 lot and try to reenter if it retraces back up.
Hope this makes sense @pramadas, I will post a chart in a bit.
See the tick div, and it continued down which was nice after i entered:
Obviously i want this to reach my targets, but it doesnt matter - as I know if i keep taking these setups then I will should make money in the long run.
The one concern as mentioned is this against strong trend, and if a HH is made then I will reevaluate. I dont want to repeatedly fade ATHs as this is a fast track to bankruptcy so I will be extra cautious. I see that price just came back above my entry, the tick divergence at day vwap was a problem.
tick divergence, add lines going down and 1st target MA than the or low and finally overnight low. but there were many bullish bars so i still need to get out. Nq is strong. The final target is low of day. still have only 1
negative ticks are not strong
short again.\hopefullly good luck nq pulling back, add line did not make new highs tick have stronger -ve now but will cover at MA
