Monday, April 6, 2009

April 6, 2009 Monday Trade 3 Short 1 Contract

Saw the VWAP (thick black line) being rejected and the bid/ask volume indicator showing sellers taking control plus overbought on 3 minute chart, so shorted 1 contract. I did light size because the retracement was only about 23.6 percent since the premarket highs.

Trade 3 (Short 1 Contract +1.25 points):
Trade 3 Screenshot

This actually turned out to be the best entry of the day (making note).