The original BPT short trade from July 15th, was a swing trade idea, where our profit target is 10-15%
Here's the trade date, our stop was $117 so that was never hit. The trade is coming up on a 10% gain now.
For a tight stop, the 50-bar on a 10 min chart should work well.
BPT is a false breakout from a large triangle, that was part of the premise of the trade. However, I expect some temporary support around these level, thus I would use a trailing stop.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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