My trade journal was behind. Here's what I did on May 13 No trades since.
The S& P has broke to new highs... but the S&P is notorious for fake breakout outs
The TNA-- Russell with 3X the fun:
After a sharp breakout 3 weeks ago the initial breakout has held on the weekly. So was the sharp a backtest or a start to a pull back. --- Remains to be seen.
The overnight dream order worked well again. 5 for 5
Exit 2: $5.23
This was an earnings pop. I sold off 1/2 on the pre-market action. I was hoping to sell the second half into the opening thrust. It popped to 5.60s but quickly reversed. The remainder of my postiion was stopped out for a small profit.
Breakout Failed again.
Nice little base, I was looking for the Fishhook Entry.
Entry: 18.12 -- It looked like the break over 18 would get us going -- didn't hold.
Still looks good on the weekly in the flag.