senco
05-27-2011, 02:05 AM
I missed the IWM entry due to travel, and consider the "new position" secondary entry settings. I did not do this yesterday due to the "neutral" ST; now however the ST is "relatively strong". The settings are ".... for the trading day that follows the 5/26/2011: The short entry price is 82.89 and the stop level is 84.63 " .
To make sure I read this right: Place entry as of open (... only market hours, not now) with a limiI of 82.89. Since IWM closed at 83.08, and now it is 83.27 - this means short entry at the open price, unless it gaps down below 82.89. Also the stop is valid for tomorrow, after that - should trail it, but I am on my own as for the levels. Is this correct?
To make sure I read this right: Place entry as of open (... only market hours, not now) with a limiI of 82.89. Since IWM closed at 83.08, and now it is 83.27 - this means short entry at the open price, unless it gaps down below 82.89. Also the stop is valid for tomorrow, after that - should trail it, but I am on my own as for the levels. Is this correct?