I'm trading the December contract of the S&P 500 We have what I term "a split open" so the morning trade can be a long or a short.I take which ever comes first.Please note "a split open" comes with extended targets so I generally carry a small position for the extended target. Buy 1521 AND 1520. target 1530 Extended target is 1540 Stops @ 1518.5 Sell/Short 1525 and 1526 target 1515.75. Extended target is 1506 Stops @1527.5
Comments
Will reenter on Stops
BUY 1565.75 AND 1567.25. Target 1570.5.
Stops @ 1564.75
Net
+1.25 pts from Buy 1567.25(becuase of earlier stop out)
+3.5 pts from Buy 1565.75 (becuase of earlier stop out)