Friday, March 27, 2009

March 27, 2009 Friday Trade 3 Short 2 Contracts

Overbought, and good short term price momentum and other confirmations on the 233 tick chart, however here we are fighting a 60 minute hammer and possible bull flag that showed support on a rising trendline and the S1 pivot. Do not ignore the macro view.

Trade 3 (Short 2 Contracts Stopped Out -2.5, -3 points):
Trade 3 Screenshot