Many traders would call today a trend day since it started at one end of the range and closed in the other. From the sound of it you would think that you can make a lot of money on these days, yet usually I do worse on those days. Probably because I keep feeling I don’t want to buy the top.
While today might be considered a trend day, it was hard to trade because it was very choppy.
I was late becuase of other business then had a hard time finding something I liked until I spottend HUN, right before it started its final move.
My entry was at 11.90, with a stop at 11.65 and I closed all at 12.50, a nice reward, but more importantly the number resistance area (12.5) and dialy sma 50 resistance. Not much but it was the best I could do today and it was a nice setup.
