Tuesday, November 30, 2010
SPY: late on the entry, the proper entry was on the 1245. with that entry, i would have survived the pullback that stopped me. the exit would have been the 14:15 inverted hammer. short hopefully, cover on the 1445 and long again. around 13:30, the 10 min was screaming exit but i was trying to just trade the 15min for entries and exits. after studying the chart, i realized there was a confluence of events, you had double dojis on the 10min, the TICK was over 1000, and the range chart's volume dried up. maybe those 3 events together could let me know that an exhaustion exit should be in place. but again, had i entered properly, i would have had a proper exit.
q's: blah
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