Was an okay trade, nothing spectacular.
Yesterday was a CPI day, because of that this was only a 1/2 position.
Something that I haven't mentioned in a while and also it's kinda implied is that you want to see a down move behind your SOS. The reason why its implied is that you want to see the SOS into fresh new ground, but its still worth noting because any SOS in a range is really a 50/50 gamble I think.
You really want to see a no selling pressure bar with lower volume and to be honest I would've never considered this bar if it weren't for that bar I labeled Effort to move up. That effort bar is a shakeout type bar but I don't want to label it a strength bar due to its a relatively widespread up bar which is against VSA principles.
Once again a weak TP, but the trade was up 20+ pips before the news so it made sense/still makes sense to take the profit and run before big news release.
Yesterday was a CPI day, because of that this was only a 1/2 position.
Something that I haven't mentioned in a while and also it's kinda implied is that you want to see a down move behind your SOS. The reason why its implied is that you want to see the SOS into fresh new ground, but its still worth noting because any SOS in a range is really a 50/50 gamble I think.
You really want to see a no selling pressure bar with lower volume and to be honest I would've never considered this bar if it weren't for that bar I labeled Effort to move up. That effort bar is a shakeout type bar but I don't want to label it a strength bar due to its a relatively widespread up bar which is against VSA principles.
Once again a weak TP, but the trade was up 20+ pips before the news so it made sense/still makes sense to take the profit and run before big news release.
1