

ACI offered a quick scalp out of the OR consolidation. I should have exited after 3 WRBs, but I slipped up. It's easier to get out on strength. The second trade was a simple Fib. retracement from Friday's late day swing low to today's early swing high. A normal retracement is 38%. If price sets up a low risk entry at, or near that level, enter the trade. If the setup looks weak, wait for a base to form (upper blue line segment).
No comments:
Post a Comment