Monday, March 23, 2009

March 23, 2009 Monday Trade 1 Short 2 Contracts

Although this was a very strong uptrend here, saw that the daily R2 pivot was tagged and pierced by a 3 minute wick but rejected hard and no closes above showing longs had chased the move but couldn't hold the level and were therefore trapped. Also it was very overbought. I got 2 points on the first contract and scratched the second contract on my trail stop.

Trade 1 (Short 2 Contracts +2 +.25):
Trade 1 Screenshot