Monday 13 January 2014

READ Practice

From this morning's live session I felt that I had too much bias on DLs and SLs over S&R /  price context. Been reading a lot of LevelHeadedTrading posts over the weekend and in this read tried to incorporate some of his methods. Notably the using the midpoint of a range as another S/R level. Lots more work to do, lots more that could be said but this covers the gist of it. I'm pretty tired from the morning session, I'm almost certain if I tried to delve deeper I wouldn't remain coherent ( a feeling trading has a particular knack of delivering to me ;-))



1. $ Breaks down MP, short retracement
2.  SAR on entry bar's strong rejection below this level
3. short on RL to prior RL high
4. short RL to prior PBL into RNG low.
5. Buy off lower RNGs MP
6. Short prior RNGs Low (current RNG hi)

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