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	Comments on: IWM Divergent Highs, 9 for 9	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
	<lastBuildDate>Wed, 26 Apr 2017 16:35:57 +0000</lastBuildDate>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/iwm-divergent-highs-9-for-9/#comment-3423</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Wed, 26 Apr 2017 16:35:57 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/iwm-divergent-highs-9-for-9/#comment-3422&quot;&gt;stock51&lt;/a&gt;.

Although not an official trade on the site, I am also short the small caps via /TF (emini futures) and have been for some time now. Just recently went underwater on that position after watching some nice gains dissipate over the last two weeks but ready to double down on that position when the time is right.
Can&#039;t say with certainty right now if that will be a break below the bottom of the nearly 5 month trading range, as was recently my plan, or something else that develops in the charts before then but I will say that I&#039;m fine giving that position a little wiggle room on the stops at this time as the technicals still indicate that the &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;Risk-to-Reward Ratio. e.g.- a 3:1 R/R would entail risking $1 of loss for every $3 of profit potential on the trade.&#039;&gt;R/R&lt;/abbr&gt; remains skewed to the downside at this time, despite the recent break out to new highs. Of course I will also continue to trade both long &amp; short for the time being so any additional losses in my RUT short will hopefully be offset by gains elsewhere.
Best of luck on your position.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/iwm-divergent-highs-9-for-9/#comment-3422">stock51</a>.</p>
<p>Although not an official trade on the site, I am also short the small caps via /TF (emini futures) and have been for some time now. Just recently went underwater on that position after watching some nice gains dissipate over the last two weeks but ready to double down on that position when the time is right.<br />
Can&#8217;t say with certainty right now if that will be a break below the bottom of the nearly 5 month trading range, as was recently my plan, or something else that develops in the charts before then but I will say that I&#8217;m fine giving that position a little wiggle room on the stops at this time as the technicals still indicate that the <abbr class='c2c-text-hover' title='Risk-to-Reward Ratio. e.g.- a 3:1 R/R would entail risking $1 of loss for every $3 of profit potential on the trade.'>R/R</abbr> remains skewed to the downside at this time, despite the recent break out to new highs. Of course I will also continue to trade both long &#038; short for the time being so any additional losses in my RUT short will hopefully be offset by gains elsewhere.<br />
Best of luck on your position.</p>
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		<title>
		By: stock51		</title>
		<link>https://rightsideofthechart.com/iwm-divergent-highs-9-for-9/#comment-3422</link>

		<dc:creator><![CDATA[stock51]]></dc:creator>
		<pubDate>Wed, 26 Apr 2017 16:27:39 +0000</pubDate>
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					<description><![CDATA[Thank you
I am short IWM]]></description>
			<content:encoded><![CDATA[<p>Thank you<br />
I am short IWM</p>
]]></content:encoded>
		
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