First day back where I've felt normal/well and haven't had guests sleeping where I work... No trades just a real time practice. Some rust, some nice observations.
1. Shorting into a HL (Buying into a LH) is going to be weaker play than selling into a LL (buying into a HH). As the HL was a test of the trend low and so price can now more easily reverse. Where was a LL is the trend low and still needs to be tested.
2. When a with trend trade shows weakness (ie O/C ag 20) this strengthens the potential SAR of it.
GU Obs: Simple trend trade, entering at 20+S
UJ OBs: another simple with trend trade, the 2nd was less likely to work as the prior low failed to close below the previous one.
EU Obs: Another case of how shorting into a HL is not always the best idea. Also sticking with the basic strategy is far less confusing.
1. Shorting into a HL (Buying into a LH) is going to be weaker play than selling into a LL (buying into a HH). As the HL was a test of the trend low and so price can now more easily reverse. Where was a LL is the trend low and still needs to be tested.
2. When a with trend trade shows weakness (ie O/C ag 20) this strengthens the potential SAR of it.
GU Obs: Simple trend trade, entering at 20+S
UJ OBs: another simple with trend trade, the 2nd was less likely to work as the prior low failed to close below the previous one.
EU Obs: Another case of how shorting into a HL is not always the best idea. Also sticking with the basic strategy is far less confusing.
EJ Obs: Chart shows that if the w trend trade shows weakness (in this case O/C ag 20) it stregnthens the SAR of it.
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