$SLX
Updated
SLX back above the Macro Mid range, also back holding the local range low.
Looking for a quick scalp to local range high "target1"
If we break above and hold il start looking for longs to target 2 macro range high
Wrong below 2.76
Looking for a quick scalp to local range high "target1"
If we break above and hold il start looking for longs to target 2 macro range high
Wrong below 2.76
Trade closed: stop reached
wrong wrong wrong :)couldn't hold rage low...
FED rate hikes not helping the situation.
Lesson: don't take trades coming into FED meeting.. wait until after the fact. then short the living sheeeite out of these stocks
Comment
Turns out the idea was good but the patience was bad. Its reclaimed local-RL now and looks good.Lesson. Stops below local swing fail and have more patience..
Trade closed: target reached
Actually played out in the end...Ah well...
Maybe patience is a lesson here.. Hmmm.. will havce to review.
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