Wednesday, April 21, 2010

spx: need to be long

need to be long somewhere at 1195-98 ES with a stop at 1185.75.
tgt 1:: 1225-30

2 comments:

  1. Great stop placement vipul! Do you mind me asking if you can tell me your rational for this stop placement?

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  2. looking at the ES chart, i realised that 1186 kind of level shouldnot be broken.
    hence the stop placement.
    sorry cant help you more on this , since it was more of an intutive stop than based on a particular theory.

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