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Recap: There was no official trade again since neither the S&P or
Nasdaq entered their trading ranges on the opening. I personally went
long at 1279.8 around a support and held through the roller coaster
B.S. drop and made a reasonable profit although I did not hold to the
close
I have found a way to improve these numbers and it is implemrnted as
of today.
S&P closed at 1294.3.Buy at support of 1288.1 with stop loss at
1278.Profit target to min. of 1298 which is pretty close to
150% of stop loss and max. to 1302.5
Sell at resistance of 1302.5 with stop loss at 1310.6.Profit target
to min. of 1292.1 to max. of 1286.1
Resistance level above in case we are out of range again is 1327
Support level ditto is 1261.6
Take whichever trade comes first.Stops are wide.Will consider E-mini.
Nasdaq closed at 2464.Buy at support of 2442 with stop loss at
2421.Profit target to min. 2473 and max. of 2486.
Sell at 2486 with stop loss at 2507.Profit target at min. 2455 and
max. of 2442.
Take whichever trade comes first.Stops are wider than usual.Consider
E-mini.
Have a good day tomorrow.
John
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