Okay, folks. I'm in this trade at 711.70. We have RF=14, four rooms of RF=15 to the left, strength in the shorter room, momentum coming into DA. Decent support in the 70800-70870 range. This should qualify as a pristine trade setup, I think.
Stars=5
RF=14
Trade Balance = 3
Trigger= 71177
Target=72150
Stop=70621
What do you think? Can we make new highs?
Well, that was scary! ABH6 made a new daily low at 70810, right into that support area. If support doesn't hold here, it's down to 70380-70460 area for the next support (below the DTP stop) and the trade will be an official loser.
After a very fast and steep drop to 708.10, the Russell 2000 e-mini recovered and made a new daily high (only by 1 tick, but it was encouraging). So, after 5 hours, I'm still in the trade and down 3 ticks. DTP Profile's SA room still says RF=14 and still is in entry phase! Once again it looks like up momentum coming into DA room. Since I'm a day trader, I don't usually hold a position over night or over weekend. However, I liked the way it held support. I'm still floating in the channel, waiting for the big wave!
Have a great weekend!