These are real trades in real time with real money on the line. My goal is to share my real trading life. How I'm entering, managing, and exiting real swing trades. Sharing tactics, trade-offs, and emotions. A "swing trade" is a multi-day trade. I hope to educate traders who started their journey after I did. I also hope to meet some new friends.
Friday, January 25, 2019
UPS Possible Swing Top Update 3
Today we got a little scare at the open with a little gap up and a continuation upward, but by the end of the day we are left with a doji candle, which is said to indicate indecision. I don't like that we closed above the 3 EMA and the 8 EMA, which is a little bullish compared to yesterday, but the position is still in the money, so I held on for now.
Also, the close today (100.83) retraces the difference between the low of yesterday (98.83) and the high of 2 days ago (103.13) by about 50% (98.83+103.13)/2=100.98). This is a very typical move in general. So not a good reason to get out.
We'll see what happens next.
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