This trade is based on a short call @RenaTrader (http://www.diamondsetups.com) made:
[Oct 27, 2011 3:25:05 PM EDT] RenaTrader 1289-91 is key
I entered my short at a much more aggressive (i.e. impatient!) level at 1286.50. If I had listed to Renato, my entry would have been 1288.75, which was 2 ticks below the high of the day.
My exit was based on a confluence of vwap and other levels at 1274.50, which was the exact swing low before it rebounded sharply.
Total profits: +13.50 points
More details on this trade here:
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