Saturday, July 27, 2013

review /ym 7/26

Time to review our plan...

1. Fading the gap when we see our entry (hammer or blue TTM candle) would have resulted in us getting stopped out. We can see that price pushes through our first level of support. This would have been a good place to short with a small stop with a target of S2.

2. We observed a extreme TICK reading right around our S2 level. This sparks our interest, we now wait for a hammer or a blue TTM candle and will go long. We wait and then our entry criteria appears and we go long. With little heat we collect 60pts.

3. As price moves upward we see it enter the VA. Now we wait to see if the 80% rule criteria is met. It is and we go long. Our target is the top of the VA or EOD we dont like holding positions over night. We collect 60-70pts with little heat.


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