Interact & Learn
With The Best
Take your trading to the next level. Learn from the best or improve your own trading with detailed analysis.
107,966 traders use Profit.ly. Join them today.
Here is what is currently happening.
Not overly spectacular performance from my entry. Not going to hold overnight as it is already up and history shows only a day or 2 of spike. I will take the win.
Entry comments: Shorted SGY at 7.09. Midday short which I dont like doing and am trying to stop doing but this is looking very weak. Its green on the day but made a nice h+s pattern and also a double top. Wanted to short at 7.20 but needed confirmation that it was going to drop. I think this bounce from yesterdays gap down could be near over but always a chance of more squeezing. Risk is 7.30. Its making lower lows and i think it will test g/r. If it cracks theres a lot of downside!
Exit comments: Covered SGY at 6.92. It did exactly as planned and went red and dropped to 6.75. I didnt cover due to taking my lunch break which was dumb. It bounced and tested r/g but so far failed. I covered at the bounce peak mainly due to the overall market exploding to new highs. Pretty unreal. Im actually surprised SGY isnt squeezing. I probably coulda been more patient but i dont want to risk it. Right now buying is the way to go. Still a nice little gain.