The MA20 today fizzled out. We bought the 7700 PE after the MA20 crossed below 30, but after it showed some enthusiasm going to 116, it retreated to 90 and we decided to exit at a small profit.
What is the MA20? Scroll further down.
The Trade Track:
We entered after the MA20 crossed 30 from above to below. This was when the 7700 PE was at 72. Our position size was 150, and the plan was to build up to a size of 300 . . .