Ok, here is the first application of the plan
1. After a SC at 8:30 buyers managed to hold prices and a long was initiated, the trade was short lived as sellers defended 50% of the last downmove and pressed hard. Generating a scratch (-3)
2. Sellers did not go anywhere. and buyers managed to push prices above 50% fast so a Re-entry was in place. Buyers were able to take prices to the R that formed after the data release, at that level Sellers came in and broke the stride of the trend. After buyers failed to make a new high the first part of the trade was closed. The other conditions for exit were not met therefore the rest of the trade remained. Price formed a hinge before the open, that hinge resolved to the upside and then sellers tested its apex. Buyers kept prices rising until they finally reached 50% of the downmove in the daily. At this level it was expected that something happen. As price gave signs of a Reversal the way to go was to close the rest of the position. (18.5+27+27)
3. The Reversal also meant an entry in the opposite direction, but this trade was short lived as buyers also managed to hold prices from falling and pushed prices towards the R area at 24. (+3.75)
4. As buyers failed to take prices above 24 and even achive 24 in their next attempt a new entry was triggered. As soon as buyers started to show strengt, the first part of this trade was closed. Sellers then manage to keep control under 50% of the last downmove and pushed prices lower, reaching the 50% from the upswing from 8:30, there after a rejection of this level the rest of the trade was closed. (+7.75x3)
5. Once again buyers strength around an important S level meant a new entry in the direction of the trade. THis trade was very much like 1, where after a first try to run away, buyers gave up and sellers tested 50% generating an exit (-1.5)
6. Just like in 2, the failure to reach lower prices by the sellers was the sign to jump back in on a re-entry. The first of this trades was closed as buyers stall and the stride of the trend was broken. As prices reached 24 again and once again a sell signal triggered the trade was closed in full. (8+11.75*2)
7. The trade was reversed. But this trade was rapidly closed as sellers failed to get a following. (-1.75*3)
1. After a SC at 8:30 buyers managed to hold prices and a long was initiated, the trade was short lived as sellers defended 50% of the last downmove and pressed hard. Generating a scratch (-3)
2. Sellers did not go anywhere. and buyers managed to push prices above 50% fast so a Re-entry was in place. Buyers were able to take prices to the R that formed after the data release, at that level Sellers came in and broke the stride of the trend. After buyers failed to make a new high the first part of the trade was closed. The other conditions for exit were not met therefore the rest of the trade remained. Price formed a hinge before the open, that hinge resolved to the upside and then sellers tested its apex. Buyers kept prices rising until they finally reached 50% of the downmove in the daily. At this level it was expected that something happen. As price gave signs of a Reversal the way to go was to close the rest of the position. (18.5+27+27)
3. The Reversal also meant an entry in the opposite direction, but this trade was short lived as buyers also managed to hold prices from falling and pushed prices towards the R area at 24. (+3.75)
4. As buyers failed to take prices above 24 and even achive 24 in their next attempt a new entry was triggered. As soon as buyers started to show strengt, the first part of this trade was closed. Sellers then manage to keep control under 50% of the last downmove and pushed prices lower, reaching the 50% from the upswing from 8:30, there after a rejection of this level the rest of the trade was closed. (+7.75x3)
5. Once again buyers strength around an important S level meant a new entry in the direction of the trade. THis trade was very much like 1, where after a first try to run away, buyers gave up and sellers tested 50% generating an exit (-1.5)
6. Just like in 2, the failure to reach lower prices by the sellers was the sign to jump back in on a re-entry. The first of this trades was closed as buyers stall and the stride of the trend was broken. As prices reached 24 again and once again a sell signal triggered the trade was closed in full. (8+11.75*2)
7. The trade was reversed. But this trade was rapidly closed as sellers failed to get a following. (-1.75*3)
, not that you care though.