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.
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Within parameters and in positive territory - no changes
Trade active
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Within parameters - no change
Trade active
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Within parameters - moved SL to .93822 due to structure supports this tighter placement
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Open into wkend
Trade active
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Within parameters - no changes
Trade active
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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
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Within parameters - no changes
Trade active
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Still within parameters - very close to discretionary zone / review price action between now and tomorrow
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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