10 thoughts on “Short TF NOW tg=1450.00 st=1454.00 ts=15:50 (Disc)

  1. A little gutsy. TF trended up all day, prob since near long term highs, which other markets are basically sideways from their opens.

  2. The gutsy part is that other markets are near their LODs, and could very very easily bounce back into their so-far-today ranges. If the other market’s extend range to the downside some, that’s very much in our favor. And if the TF ends its exuberance, that’s in our favor. So, like most all trades, there are things to “like” about the setup, and things not to like.

  3. The TF stop is above its HOD, so to be stopped, the TF would have to extend its range to the upside. On a Friday, after noon, when not all markets are trending up.

  4. What a sweet, sweet trade. I’m very happy with this one. About two points in the TF in just a few minutes.

  5. Looking at the price action. Only a tick or two of negative excurision (depending on where you got filled,) and about 20 ticks favorable excursion. It doesn’t get much better than that.

  6. Winner, winner. Did a post-action on the trade. I literally don’t see anything we could have done better. Such a sweet, sweet winner trade. Life is good. Very happy with this one.

Comments are closed.