The trading idea i had posted on the day before was:
Possible Plays:
Looking for continuation if breaks 37.65, target 37.22, 35.92
Looking for weakness to get short: around 38.67, 39.36
Long over 39.36
As we can see, the 37.65 level didn't break so a short wasn't triggered there. However, the second idea of shorting at 38.67 level was right on. As per one of my rules..scaling in 1/3 position when within 10 cents and adding 2/3 on breakdown at 38.58. Stop at 38.71. Riding 2/3 to vwap and rest on break of downtrend. Risking 13 cents to making 30 to 50 cents.
The long setup never triggered.
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