Updated

New Year Levels

Here's some levels for the new year that I like. They are drawn from the monthly and weekly time frames. I am long at the moment from 6750.

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First level hit, good area to take profit / open shorts, I wouldn't be to aggressive on shorting yet though.

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Long again at 8000.

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Taking some profits at 9000.

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Opened some shorts to hedge longs, targets 8500 to 8300.

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Second level, more profits taken. Keeping shorts open, but still net long.

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Changed my mind. I intend to stick closer to my original plan so I closed 80% of my long and put a stop in for the short. It's a good spot to do it. I don't think I'll ever regret selling at resistance after a good pump.

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Took some short profits at 8500.

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Reloaded longs at 8500 and 8600. I expect to see a lower high at around 9000, but I'm hoping for a higher high.

Trade closed manually

zmaniac17

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zmaniac17