Counter trend SHORT...Swing trade...Oil went up too fast...

22 Şub 2021

Shorting XLE as a counter trend trade. Strictly a swing trade.

RSI on a 2 hour Heikin Ashi chart is at 80. RSI 80 is my overbought signal for me.

I am bearish only a very short term. I am bullish on long and intermediate term.

Strict trade management is the key in this trade.

Learn, Plan, Size and Manage.
This publish is not an investment advice. I am not an investment advisor. So, you are solely responsible for your actions on your money.

23 Şub 2021

İşlem aktif

2/22/2021 8:14 AM PST

tAndroid BOT +1 DIAGONAL XLE 100 17 SEP 21/16 APR 21 45/43 PUT @3.28 ISE

23 Şub 2021

İşlem elle kapatılmış

Though the market is weak, global oil mkt is strong.

So closed for an early profit.

2/23/2021 8:03 AM PST
SOLD -1 DIAGONAL XLE 100 17 SEP 21/16 APR 21 45/43 PUT @3.39 ISE

ROI: 3.05% including commission