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This blog is geared towards improving my trading knowledge and recording my trades. I am not licensed to give financial advice. Trade at your own risk. It is your fault for losing in this money game.
Tuesday, January 26, 2010
WMT short entry
decided to short WMT. i would have shorted around 12:24pm at 53.70 but i didnt see it till almost 2pm but i was able to get in at pretty much the same price level. haha it just sank 65 cents while i was typing this sentence.good. Its hitting resistance in a falling channel, reversal bar w/volume, overbought and histogram was large. Daily 20 MA was resistance, hourly reversal signals, 4 min trend change w/MA cross. btw i considered using it but dropped RSI for now.
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