Thursday, October 6, 2011

Nice setup in the end

I took a nice trade in late session.

Trade setup was at m5 chart, dji30:


Now let's look at action at m1 chart:


Entry was at the first brakeout from cloud. It was false, but my stop was bellow 0.78%, so it went well. Another brakeout from cloud was right - there was confirmation from williams!

Closed it at 138 projection, because there was also daily R2 resistance at this area, and the session was over :)
Nice trade overall.

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