Bearish first then sideways weak consolidation at OR lows. The 5th is NR7, NR3 spinning top off ema and off the oR low. This is our short trigger. Closed at +1R.
GNW(gap down)
Bearish first then sideways weak consolidation at OR lows. The 5th is NR3 weak candle off ema and closing below the OR low. This is our short trigger. Closed at +1R.
No other trades for me today. With the big move in market today, the above two would have been big multiple-R gainers if I had held into the close (as per my previous exit strategy) rather than getting out whole position at 1R. That's the way it goes though, the market is full of ifs and buts.
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3 comments:
On ALL your trigger is below 34 but where is your stop? If you made about .40 isnt that like 2or more R or am I missing something?
Stop=34.14, I made around 20c on the trade , i.e. 1R.
The exit arrow on picture is the candle I exited on rather than the price. Probably a bit misplaced ...should be higher up.
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