Monday evening pullback shorts
The wonderful thing about the market is that the supply of great setups never ends. The real trick to trading (in my experience) is simply having the discipline to wait for them and sitting on one's hands in between. :-)
Tonite is no exception. Heres a couple shorts in the midst of the nice selloff.
BTW, for those who trade minute charts rather than tick charts, my rough equivalents are:
435 tick - 5 min
87 tick - 1 min
29 tick - 20 sec
Minute charts tend to produce more candle "tails". With tick charts, I find more retesting of prior candles, yielding tighter entries.
Tonite is no exception. Heres a couple shorts in the midst of the nice selloff.
BTW, for those who trade minute charts rather than tick charts, my rough equivalents are:
435 tick - 5 min
87 tick - 1 min
29 tick - 20 sec
Minute charts tend to produce more candle "tails". With tick charts, I find more retesting of prior candles, yielding tighter entries.
Click image for original size
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