spx focus tonight is a clear short, even from here imo. I opened a short trade at 988.25 this morning with the target being 960 (38.2% retrace), but I have moved my stop down to 981. Due to the slight recovery in the last hour or so my stop is very close to the action at the moment, but that's my plan. If my stop gets hit I will be looking to open another short trade at about 988, my original entry point.
I used to trade Gold a while ago, but eventually gave it up, after a bit of beginner's luck iniitially, as the very short term spikes in either direction kept taking me out. Now that I have been trading the spx for a month I have found it much more manageable. However, I was thinking that the Dax or Ftse may be easier to trade than the spx. Anybody experienced with all three and if so, do you have a preference for one over the others? Thanks.
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