This was a great Alert in the Mafia Trading room. Looks like a classic All Day Fade. I'm expecting it to continue lower but I closed out bc I got stuck in two halts and it looks like it may consolidate more before going lower.
We had a 78.6% Daily Fib on the Daily Chart which also lined up on the $5.00 whole number.
So I felt that this would provide great resistance. I shorted into that level and was holding for the 200 ema. We never made it that low, and didn't even get down to the golden ratio.
So after the two halts I closed out for a small profit.
Avg Px $4.75 and out at $4.37
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-02-09 09:33:37 | INPX | sell | $4.910 | short |
2018-02-09 09:33:37 | INPX | sell | $4.910 | short |
2018-02-09 09:42:52 | INPX | sell | $4.430 | short |
2018-02-09 10:05:50 | INPX | buy | $4.370 | 0 |
Hey, Thanks. Just saw your comment. I'm in the Mafia trading chat lol thats how I knew about it.
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hey, nice trade
How did you know that this was an alert in the Mafia trading group?