Technical Strategy

Well that was unexpected...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2273075>

 

Actually it occurred at major resistance.

 

1st reversal.

820.00 @ 12:54:57

Again, could probably have reversed intrabar. I think the bar 'locked in' before the last minute.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2273173>

 

I'll explain the abbreviations after the day's chart.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2273179>

 

Reversed long.

825.5 @ 13:14:45

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2273214>

 

... and the log.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2273219>

 

Another sign of change after sequence completion.

Filled in the log row and reversed short after writing S in the Action column.

829.00 @ 13:39:32

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2273273>

 

...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2273278>

 

MADA and logging ---> Reverse long.

834.00 @ 18:59:30

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2273316>

 

...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2273322>