This was a trade forwarded to me by one of our students name Shaun. This is a short off of the range highs. Notice that Shaun waited on the double top, which is simply a lower high. You can treat a double bottom as a higher low as well. This is a basic set up that we look to trade during ranges and Shaun plays this one perfectly.
He has a nice runner too, although this one ran all the way to the other side of the range, so he left a lot on the table with this one. We walk a fine line on these runners, as I hate to see them back up as well, and I very likely might have close my trade exactly when he did. You hate to see it run without you, but the next time you try and hang on, guess what happens? Yes, you get stopped out at breakeven and walk away with nothing on your runners.
Nice trade Shaun and thanks for sharing it. If you would like to see me post one of your live trades, record your trades and and forward to me. If I think you followed the rules well enough, I will post your trade as well. There is no sound, so do not try and adjust your volume looking for sound.
Jorge August 10, 2020 at
Nice one Shaun! I’ve just saw Mack’s YouTube lesson and he marked that exact same trade.
I see prices went exactly to the 1st location of your runner (to the tick!) but it wasn’t filled. Bummer!
Thanks for sharing!