$ORDI gave the level back and I'm on the other side of it.
Last time I said if either of these lost the stop I'd be out the same day. ORDI did exactly that, taken out around 4.59 for a 3.4% loss. Nothing more to it than that.
So I'm short ORDI at roughly 4.58, invalidation 4.72, 0.6% of the account at risk. Short $WLD too, around 0.519 with the stop at 0.551, 2% at risk.
What turned me is price itself. WLD stalled under the 0.5887 high and is down 4% on the day, ORDI is drifting back toward the 4.39 low it made under three days ago. Both shorter trends have rolled over again and I don't get paid to argue with that.
Greed at 74 while these two are being sold is the part that keeps me on this side rather than hunting the next bounce.
What I want is both staying under those stops into the close. Any push back above and I'm out the same day, same rule as last time.
Sixth turn on WLD. I keep following the tape round and it keeps turning.
Last time I said if either of these lost the stop I'd be out the same day. ORDI did exactly that, taken out around 4.59 for a 3.4% loss. Nothing more to it than that.
So I'm short ORDI at roughly 4.58, invalidation 4.72, 0.6% of the account at risk. Short $WLD too, around 0.519 with the stop at 0.551, 2% at risk.
What turned me is price itself. WLD stalled under the 0.5887 high and is down 4% on the day, ORDI is drifting back toward the 4.39 low it made under three days ago. Both shorter trends have rolled over again and I don't get paid to argue with that.
Greed at 74 while these two are being sold is the part that keeps me on this side rather than hunting the next bounce.
What I want is both staying under those stops into the close. Any push back above and I'm out the same day, same rule as last time.
Sixth turn on WLD. I keep following the tape round and it keeps turning.
