Rhody Trader

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That’s it. I’m putting limit trade close orders in all the time now!

Again today I wasn’t paying attention at some key points and missed out realizing the potential the day offered. The key levels to have in mind for today’s trading were 1360, which was that pivot point I talked about as being important earlier. Below the market was yesterdays’ lows, while above the market was a combination of the rejection area above 1366 from yesterday and the 1368 point of control from Tuesday.

Selling the first approach to 1360 near the open was the easy first call. It might have been a bit more of a challenge to go long at 1352, or thereabouts, but the set-up was there. When the rally stalled out below 1370 it offered a couple of chances to get short for a pull-back toward 1360. In other words, today could have produced quite a few points to the attentive trader. 

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