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I see some support levels that need to be busted through. (chart is a couple post up) Looks like if it can get through 13.10 it has the possibility to go to the 12.10 mark. I don't have a bias either way though. If it comes to those support levels and I get a buy signal I'm going to buy it, likewise if it breaks support and then retraces back up and I get a sell, I'll sell it.

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Not much happened today for this trade. Other than some BS move up in the overnight hours on pathetic volume. Luckily, sellers ( like me ) came back in and sold it down. I'm watching the 13.60 like a hawk. We need to break down below it for this short to get really working. If it pauses at that level and I get a buy signal I will flip to the long side. Thinking that, I have decided to take 1/3 of the contracts off at 13.688.

 

Entered: 13.863

Exit 1/3: 13.688

Profit: .175 (175*$5 = $875/ct)

 

Not a bad trade so far.

 

Chart:

5kfy8l.png

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OK, I was watching that support level, and got a nice green spinning top right on it, so that means I flipped to the long side.

 

I exited the remaining shorts at: 13.747 for a profit of $580/ct.

 

So, now I am long at 13.747, looking for a move up to 14.111

 

Chart:

6ozehy.jpg

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