Wednesday, April 1, 2009

April 1, 2009 Trade 2 Short 4 Contracts

I saw a huge volume selloff bar on the 3 minute chart, where the trades at the bid overwhelmed the ask trades showing the sellers took control. Just shorted a retracement in to the initial downthrust, with bigger size than normal because this looked like a convincing move failing some strong resistance.

Trade 2 (Short 4 Contracts +1.25 +1.25 +1 +.75 points):
Trade 2 Screenshot

This will be my last trade today, it is good to get the new Month/Quarter started with an up-day.