JASO Trade 12/10/13

The levels I have been watching in JASO have worked to my advantage. JASO currently has resistance at 10.55 and despite the intrigue of a massive short squeeze (65% short) I hesitate on following up with a new trade below that level.

In hindsight I should have taken a 10.55 sale as I knew it would be initial resistance. Trying to hit the home run lately, not always a good idea. Not every trade needs to be a position no matter how good the entry looks. I should have nailed that down prior to executing.

Here are a few charts for the most recent trade executed for +1.26 gain. Most of these charts should be on the ST stream.

From summer 2013 showing two levels still relevant 9.10 and 10.55.

JASO_071813_DailySupRes.png

The setup for trade entry on multiple time frames.

JASO_121013_MultiTFsupRes.png

Bigger picture pivot could be in place.

JASO_122013_DailySupResTradeEntry.png

Resistance at 10.55 shown on 30min time frame.

JASO_010914_30minWklyTgtLevel.png

At 9.96 Jan 10th I was out of the trade on a strong move lower through the TL and MAs at 30min time frame.

JASO_011014_30minTradeExit.png

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