Continuation from my post on June 7th.
Trimming time for longs here IMO.
Could make a move back down to $11-$12 as this left little in terms of support intraday (lol).
Watch the flow and volume once a little shakeout and subsequent consolidation afterwards.
I could be dead wrong on a re-entry price here...but I have nothing else to go off of today was a straight line.
Still unfilled gaps above $18 and $22. Good luck and as always utilize excellent risk management. And remember, if you can't sit in the trade for a .20-.30c move then YOU ARE TRADING TOO BIG. Scale down until you have actual edge. Always learn as much as you can about all of the different types of players in markets and make that knowledge work for you and YOUR trading system.
As one of my trading idols said "Don't let anyone tell you that your strategy doesn't work, if you make money with it that's a big deal.
Trimming time for longs here IMO.
Could make a move back down to $11-$12 as this left little in terms of support intraday (lol).
Watch the flow and volume once a little shakeout and subsequent consolidation afterwards.
I could be dead wrong on a re-entry price here...but I have nothing else to go off of today was a straight line.
Still unfilled gaps above $18 and $22. Good luck and as always utilize excellent risk management. And remember, if you can't sit in the trade for a .20-.30c move then YOU ARE TRADING TOO BIG. Scale down until you have actual edge. Always learn as much as you can about all of the different types of players in markets and make that knowledge work for you and YOUR trading system.
As one of my trading idols said "Don't let anyone tell you that your strategy doesn't work, if you make money with it that's a big deal.
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As an aside....watch out if support from May gets liquidated. Could be a very quick move back down to $9
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Hope you close out some profits! Looking for a decent move down towards open. Wacth for spongey bids for a potential squeeze.
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Back to $9 range is likely here. Gap fill and got STUFFED.
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Fear growing....look for entries soon.
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next support IMO is mid $9s