Wednesday, April 15, 2009

April 15, 2009 Wednesday Trade 1 Short 2 Contracts Stopped Out -2. -2.25 points

Saw that the VWAP was not respected today, and crossed through both sides so shorted an extreme resistance area. The volume the whole time though showed more bidders with large trades mostly at the ask, so eventually the longs won and cracked the trading range.

Trade 1 (Short 2 contracts stopped out -2, -2.25 points):
Trade 1 Screenshot

Note: Market still extremely strong on the daily timeframe, it probably faked out a lot of swing shorts.