Plan the Trade

wth just happened

Facebook was tanking just a buy low sell high deal

Was back late yesterday, continued playing with 15 sec chart;



Took this short as looking for pullback to run out of steam. It looked to be rounding off and then the reaction at prior Support, (now poss Res)...



No fresh low, so was probably a risky trade, but when i see a straight line retraced back into it's Supply, it is usually good for a reaction grab as a minimum...

looks like your doing well thomi

-13 on pullback

It's Friday so I will hang around longer

Will sell 13 buy 94

Sell moved to 625

Cancel sell

Cancel long

Selling 77

Up 23 got 15

That's it for me 27 today

Trickier today. Looking at Ras summary of the hour, looks like some levels that should have had favourable reactions were run through . . .

I like seeing the sequence. What time are you starting to watch the chart each day?

I agree, that looked tricky, or at least, not much offering... as i keep saying - identify trend first, then look for your pullbacks only in that direction. Easier said than done, but beware the trend change... Always 123 back into trend is better than expecting a reaction at a prior point when there is momentum against you.