Monday, April 26, 2010

RQ75RVQDB6MY

Friday, April 23, 2010

almost live trade



If the last bar closed well enough below the preceding bar I would have taken this trade live, so instead I took it on demo.

Pros

Area has strong prior support turned potential resistance.
The setup bar ranges are large in comparison to environment.
With a long term down trend.
Approximately pierces the 50% retracement, tipping the 61.8%.
Pierces the minor round number of 1.6500.

Cons

No divergence.
Not a DBHLC, not even a true outside bar.
Preceding swing high in the way of having good space.