Short CME?

I am currently looking to short CME. It is in a downward channel, and has been for the last 6 or 7 months. It ran into resistance 2 days ago at 400.00, and is coming back down again. Here is what I am thinking about doing:

Short limit at 359.00
Target: 300.00
SL: 380.00
RRR: about 3/1

CME

What does everyone think?

Be careful with CME...It jumped up and bit me in the ass last time I tried to trade it. But I do like the set up for it, and I hope it works out for you!

bob

I also like CME's set up!!

admin

It seems like CME is just laughing in my face. When I tried to short it, it went up to around 400, so I got stopped out. Then, it comes falling back down, and is now at 355. Going from 400 to 355 would have been a nice little profit!!

Screw CME! lol. I am staying out of that stock for the rest of my days!

hey new2trade,

That is bad luck man! But don't get discouraged! Just think of it as a learning experience. In the future you may want to take a look at the trend line (which was around 400). Just try to examine the stock a little more in the future, and you might do a little better.

I know it can be difficult, but it is all just one big learning experience!!