the zb trade for a range of 38 ticks weekly range =58 monday the range should contract to =/- 26 on a weekly basis the range is coiling with in a tight range of 58.friday lived up to its day of being a directional day. with after mkt review we shoud have picked up on the elevator.it broke the median lines with omph! made only 38 % risk was to 50% retracement retracements.then proceded to forge ahead.easy 15 ticks. lesson learnt activate the decisive factor and trade the scenario.
2 comments:
the zb trade for a range of 38 ticks weekly range =58
monday the range should contract to =/- 26
on a weekly basis the range is coiling with in a tight range of 58.friday lived up to its day of being a directional day.
with after mkt review we shoud have picked up on the elevator.it broke the median lines with omph! made only 38 % risk was to 50% retracement retracements.then proceded to forge ahead.easy 15 ticks.
lesson learnt activate the decisive factor and trade the scenario.
the directional is still upwards ,BUT with an eye for a reversal!
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