Saturday, February 28, 2015

1-12-2015

Red circles are short trades.  Blue circles are long trades.
Solid boxes are the 76 levels,
Dashed boxes are the 61 levels.
Dotted boxes are the 38 levels.
The purple box is the extension and the type of line drawing of the box correlates to what fib level price came from.

1.  Losing trade.  Was looking for 76 level w/supply area off of pHOD.
2. Larger 76 area w/demand level off of 50 ema.
3.  76 level with 30 min top level and supply zone.  Was the 2nd leg of a 2 legged move that I was looking for.
4.  76 level and 50 ema off of supply area..  Excellent trade.  Take that everytime.
5.  Losing trade.  76 area short.  Guess there wasn't any supply left.  Price didn't even go down to touch the 76 long area.  Maybe I should have realized it b/c it had two 127 extension confluence zones from 2 different fib levels.  Good point to remember.
6.  76 long and demand area.  2 point stop loss would have saved me by one tick.  Was looking at this being the 2nd leg up.



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