AB 15 DP Sell

[d-day]

There is a potential ER2(AB) 15 SP sell w/ divergence setting up with a TS4 sell to boot. As for myself,I'm a little leary of shorting the RUT, but then again, you live and you learn.


Oh well, leary or not, I'm short from 830.1, stop loss at 832 (yes, I decided not to wait for the current bar to close and confirm).

[d-day]

Just reached the 20 period 15 minute ema - to stay short here I'd like to see it pierce this support level convincingly.

[d-day]

now at minor trendline support drawn off the lows yesterday at 10AM and 2 PM. Price needs to get under there to keep momentum from reversing up.

[d-day]

finding support at that trendline and testing the 20 ema(15min) from below - up above the 20ema may be enough for me to take partial profits, up above with a closed blue bar and I might reverse and go long.


Trend support starting to crack.

[d-day]

Bounced off lower BB and back above 20ema - I may regret it later, but I'm out with 1.5R.

[Todd Morgan]

Nice trade David. It bounced hard off that intermediate DP level. I took partial profits there and took the rest on the ATR stop. Decent trade overall.

Bounced off lower BB and back above 20ema - I may regret it later, but I'm out with 1.5R.

[rrs]

There is a potential ER2(AB) 15 SP sell w/ divergence setting up with a TS4 sell to boot. As for myself,I'm a little leary of shorting the RUT, but then again, you live and you learn.


Oh well, leary or not, I'm short from 830.1, stop loss at 832 (yes, I decided not to wait for the current bar to close and confirm).

Hi David,

Great trade.

I have been monitoring the hourly and 30 min charts of ER2. The hourly chart had a higher high and corresponding points on the oscillator were making lower highs, suggesting a potential divergence in the making. I went to the 30 min chart and it had a DP trade. I was away from my desk and missed entering this 30 min trade. But, I am following this trade to see if it hits the target.

Rama.