again, every trader need to determine where to set his or her stops but as far as an IWM short, there seem like pretty objective levels. personally, i am more interested in what the EUR/USD does today and what the equity market do but with it being friday, i know some traders don’t feel comfortable taking home a lot of positions over the weekend so there’s nothing wrong with letting you stops get hit and buying back in next week if the market start selling off due to the apparent (yet too early to say with confidence) near-term trend reversals in the EURO and the $USD. for confirmation, we need to see the EUR/USD drop below the 1.31 level (previous reaction low).
