In this morning's video, I talked about the risk shifting to the downside in the short/intermediate-term for equities and other risk assets. Using this test of resistance in many of the major indices to get short and look for a move back towards the low of the day. Reward/risk is about 4:1, and the risk is well-defined against the highs of the last hourly candle. Risking about $65 to make ~$300. Stop and target order in...letting it play out from here.
Commento:
Decline happened a lot faster than I expect. Made about 3.5x my risk, so taking profits. +$205 on the trade. Nice one in terms of process and p/l. Will review in tomorrow's morning video.