As described in yesterday's Daily, the 30-minute M/A came down to the S4 rectangle and the market
fell shortly thereafter.
The rule is to allow .5% beyond for this M/A. I am currently short 2% DJ futures with a tight trailing stop and a limit cover at 10,101. If the market does not break to new lows and I am stopped out then I'll stand aside until the end of the cash session where I will go short.
Steve
ReplyDeleteI've got my core on in December options looking to add more on a pop. Are you going 100% in this time?
Thanks
Charles
Charles
ReplyDeleteI'll go full position, which for me is 25% today in leveraged ETFs as a core position. I'll add to the position gradually with profits. I'll also use 10% for trading, primarily futures.