Strategy: 90 day down trend
RRR: 2.9:1
Trade time expectancy: 24 days
Entry, SL, and TP justifications: Retraced to .38 FIB and has now contd bearish. SL above recent highs. TP at 1.618 extention.
Notes: Watch carefully for further retracement if contd bearish move halts. Weak retracement may mean significant down pressure.
RRR: 2.9:1
Trade time expectancy: 24 days
Entry, SL, and TP justifications: Retraced to .38 FIB and has now contd bearish. SL above recent highs. TP at 1.618 extention.
Notes: Watch carefully for further retracement if contd bearish move halts. Weak retracement may mean significant down pressure.
Comment:
Within parameters and in positive territory - no changes
Trade active:
Within parameters - no change
Trade active:
Within parameters - moved SL to .93822 due to structure supports this tighter placement
Comment:
Open into wkend
Trade active:
Within parameters - no changes
Trade active:
Within parameters - revised SL move from Feb 16 back to original placement / new placement too tight and could be hit w/o truly reversing trend - placed SL back above most recent retracement high
Trade active:
Within parameters - no changes
Trade active:
Still within parameters - very close to discretionary zone / review price action between now and tomorrow
Comment:
Revised: currently in Sell zone on bear trend channel - adjusted SL to 1/3 daily ATR and placed TP for L1 at midchannel and TP for L2 to 1/3 ATR inside bottom of channel / Original entry point and curr entry not well supported, but revising strategy to better reflect current strategy testing
Trade active:
Within parameters - no change
Trade active:
Updated trade layout: Down-trend Channel
