PA Journal

Discussion in 'Journals' started by pabeginner, Mar 16, 2016.

  1. In order to mind S/R levels during the day I will post my premarket analysis, done on a 60 min chart.

    The blue horizontal lines are what I will take into consideration regarding S/R during the day, the gray channel follows the current state of the trend, we are currently at the midpoint of the channel where we can expect to find some chaos before either heading towards the top above 43 or the botom below 42. So far the trend is pointing upwards so I will focus on long opportunities. Unless I see clear signs of reversal in which case I will attempt to take a short towards the bottom of the channel.

    CL 05-16 (60 Min)  18_03_2016et.jpg
     
    #11     Mar 18, 2016