Trading Journal: Day 12 – Easy S&P Fade. (+.1%)

Setup: Exchange volume was shifting green from 8am PT/11am ET. Trend was broken, and I just longed it into VWAP. TP hit in a straight line, no draw down. 5 contracts only as it wasn’t really high quality setup. That’s still 1% of profit target. I exited via TP order and the price immediately fell. Sized really small, I have to get a little heavier on S&P trades.

Although VOLD ratio was very heavy sell (2-3x), it had been rising while the price was flattening out. There is rotation happening, so fades are reasonable plays right now.

Subscribe to our newsletter and receive our very latest news.

Go back

Your message has been sent

Warning
Warning
Warning.

Leave a comment