Falling sharp here, but I faded it anyway. I don't know how to explain, but markets came down without any pull-back, so I found that it has a high probability.
Long at 12690
T1: 12700
T2: Open
Stop: 12670
Result: +$71.52
T1: 12702 or +12
T2: 12694 or +4 (trailed to b/e)
My b/e stop got hit one tick shy, but oh well, that's the trading. Now it bounced off nicely at least 60 points. One thing to note is that if you bought 10pts 'in front of' pivots levels, you probably got stopped out. With this kind of action, you want to go behind pivot levels as markets tend to push and run stops before bouncing back.
Anyway, a very nice stop run on daily chart. I'm expecting we'll slowly head back to 13100 level as we sucked in lots of shorts. I'm looking into long at the close.
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