Red Lions Trading Journal

since you are looking at my old old journal.

just know, how coward can some one be, to continue to talk shit while knowing i cannot defend myself as i am banned by him in his thread.
all the lies, and contradictions it actually irritates me.

exaggerating symptoms.
implying he is terminal, with <20% ejection fraction, hypotension, syncopes, and generalized malaised, even bleeding from his eyes while his PT/INR being actually low.

as i have stated before, not terminal, not as sick as he says. A coward in my book, hypocritical, and his followers should be aware of all that.

you question my career, yet i have never really been eager to give any advise look at my disclaimers on TAF.

how long does it take for pre med?
how long does it take to go through medical school?
how long does it take to do a residency?



my point precisely in being reluctant to state my title is that i believe that anyone that asks me ANY questions should see their practitioner as i do not have their chart in front of me, and i cannot run any tests.

so it is better you think of me as whatever you like. makes no difference to me, however i do get irritated by cowardice and deceit


why do i forgo a real job? you ask baifu?

I get paid more to sit on my ass, and troll around the markets and the internet than most people in the world do for actually working.

so being on-call..... is actually really enjoyable.

I will share my knowledge and my trading style here: this is the basics of what I know and the style i will implement.

I don't have a system, and I don't want to develop one to be honest

I want to develop a profitable style, I am a health care professional and I like the diagnosis/prognosis/intervention/rationale type of thinking (and CYA= Cover Your A**) which i will use in forex. I WANT TO USE MY BRAIN TO TRADE, NOT TRIGGERS

I like Candle sticks to look at price action, in my experience however they work better in longer terms. THE most accurate overall picture of the market intra day chart is the 4hr, every time i trade it, i make good trades. HOWEVER I hate it!!!
too slow for me. I like the 1 minute chart but too much volatility, i end up doing a lot of guesstimates and i do better with naked price action chart pattern.
in other words i dont look at the candles i zoom out and look at the pattern.

Thats the beauty of having a trading style and not a system
it will work in ANY time frame because it will be my BRAIN POWER trading the supply and demand aspect of it, not a trigger, they all break down and have loopholes in my experience and at the tick or the minute its too confusing, indicators move in every which way dont reflect the picture and give off to many signals.

maybe ill try the 15 minute with the 4 hr chart for overall picture, and the minute for whats behind the courtain. (if it gets too confusing for me, ill just do the 1hr to see the overall picture and the 15 minute to base my trades)

Candle sticks:

candles sticks: yes i love them, here is why: they reflect supply and demand
looking at daily candles forex and stocks

in a nut shell: if the candle is green/blue/white whatever your software/chart uses it means that it was a positive candle. it closed above the open.

when the candle is red/black is negative it closed below the open

when the upper stick is longer than the body (be it positive or negative)
it shows that demand ant some point was high but it dropped at the end.
it tells you to be careful, demand is having trouble breaking through.
if the candle ends up being negative with a long upper stick, it means that demand dropped towards the end so much so that it managed to close below the open.

if the lower stick is long it means the opposite, at some point the price dropped but demand picked up and end, if it is a positive candle then it just means it picked up so much it actually managed to close above the open.

the longer the candle, the longer the range of supply and demand. either positive or negative.

that is all you need to know if you are a newbie, you could go into all this complicated patterns and formations.

and if you want to explore and want to learn them, GO FOR IT!!! MORE TOOLS FOR YOUR ARSENAL!! i like the broad spectrum view so i look at them and i assume what the next one will be based on this simple supply and demand

Moving Averages

I find them useful, you could use which ever one you want, but the most popular ones are 50 and 200.

i use 10 simple/50 exponential/ and 200 exponential
doesn't really matter which ones u use simple or exponential, they all tell you the same thing.
where HAS the price BEEN in average in the set time frame

the 200 is the most respected, most used, so that is a reason to use it. you see what many see, and many follow it to indicate trend. if the 200 is up then the trend is up. you can be profitable by being biased toward taking long positions.

i said biased, not blindly taking long positions.
use candle sticks to gauge supply and demand, and chart pattern formations
you dont want to buy at the top of a double top, or head and shoulders.


here is a neat trick. with the 10/50/200 style of trading.

it works in 2 ways generally, short time frames and long time frames

on the 1 hour chart if you are a patient trader this is the way it generally works:
usually safe to go long when the 50 crosses the 200 on the upside and your investment is safe as long as the 50 doesn't cross downward on the 200

if you missed the boat on that one, you could jump in on a correction which happen all the time, price USUALLY NEVER goes traight up itll go up and down up and down. when the 10 crosses the 50 downward its a correction and start curve and now crosses upside, use your judgement but it is usually safe to go long as long as the 10/50 are above the 200 moving average, they will continue to correct and go up and down you for get it till the 50 hits the 200, if it doesnt cross it down it will usually bounce back

when you see that 10 crossing the 50 upwards the price is on its way up and it passed the danger. generally.

dont believe me look at the 1 hr chart eur/usd or any other for that matter
if im not clear i will explain.

i profit like this but i hate it i dont like to be so safe lol, i like to play around with prices hahahaha so i'm looking for what is fun for me

the 4 hr chart is almost the same but requires more laziness, i hate it, i like to poke around with prices.

same thing 50 crosses the 200 start of an uptrend, missed the boat, thats ok
somewhere along the line the price will move between the 10/50 and even touch the 50, you could jump in on the correction, as long as the 200 is up, and the 10/50 dont cross downwards you're good. generally

look at the eur/usd 4 hr chart if you dont believe me. we just had a correction the 10/50 touched didnt cross moved upwards, still bullish.

daily its lazier, but more profitable, here it is

more important ones are the 10/50 here, 200 tells you trend, here is where it really tells you how strong and where the trend is going

10 cross the 50 upwards usually go long. forget it till you start to see the 10 curving to touch the 50, here is where candle sticks, chart pattern will lock in bigger profits, if candles and chart patterns indicate double top, hand and shoulders or any bearish, and your lines are curving, either lock in profits and get out, and start to jump in on a 4 hr chart or 1hr chart if the averages are bearish (crossing downwards you can start being biased towards shorts)

or if you are lazy and its ok to give up some profits since you took advantage of daily movements with higher pips, then 10 cross 50 you go long
and 10 touched 50 to the downside you get out or wait for cross. then get out.

no holy grail this is usually, generally. use your judgment

on this one i do it 2 ways

10 crossing the 50 upwards, then the 200 upwards its strong signal to buy

when the 10 crosses 50 downwards careful you can hold till your analysis shows that the 50 will cross down to the 200 then its safe to sell and go short,

i usually stop shorting when the 10 cross the 50 upwards and have strong suspicion of that it will cross the 200 upwards in the future buy

chart pattern, rounded bottom, cup and handle, double bottom, triple bottom etc.

i like to hate the stochastics hahaha,

base slow %k when the % D crosses the %k upwards and both lines are oversold or somewhere on the 20 range whatever, signal to buy, when the lines go above 80 and the %d crosses the %K downward says to sell
pretty useful but use your brain (false signals can happen, can be over sold and the price still move down and vise versa, can cross down on an overbought market and still price moves up stoch will just adjust.....and you just got screwed)

but many traders use it, I use it in stocks, havent been able to master it in forex. and there is all kinds of neat divergences and quirks that people find profitable. go study them and if you understand them and become profitable consitently then MORE TOOLS FOR YOUR ARSENAL


RSI measures overbought and oversold levels, the consensus is that when the RSI is in the 70-80ish careful buying because its already been overbought, we might be due for a correction
and when the RSI is 20 or so its been oversold and buying might be a good idea, or stop shorting it can be considered.

MACD is the MOVING AVERAGE CONVERGENCE DIVERGENCE indicator it a momentum indicator and there are many ways to use it, but personally im using moving averages cross over on my trading so i find it redundant.
however if you use it , it can be a powerful tool

ADX measure the strength of a trend

then you have bollinger bands, which im starting to use them, good in a ranging market

parabollic SAR its an indicator that signals to be careful that a trend might be ending.

i wont go into details on the indicators: they are there they are useful and if you incorporate them succesfully in you trading that is great

whatever makes you money lol

there is a whole bunch of other ones

its freaky how many times prices respect and retrace to these numbers,
maybe because so many traders use them, i like them.

in a nut shell: retracement lowest low of the trend to top of the trend
high- low= trend difference

100% x trend difference = fibonacci substraction number
61.80% x TD=FSN
50.00% X TD=FSN
38.20% X TD= FSN
23.60%X TD= FSN

NOW you substract all these fibonacci substraction numbers from the highest high of the trend and you plot them in your chart, usually prices retrace to one of these levels. its pretty freaky. i use them for the overall trend, some traders use them for daily trades. its up to you

no holy grail but its helpful to give you a future price prediction

now if you want to know where a future trend might have trouble passing or start retracing

calculate previous highest high to the lowest low, when prices hit there lowest and started giving way to consolidation and now the trend youre in lol

highest high-lowest = trend Difference
now multiply

TDX 161.8%, 261.8%, 423.60% youll be surprice how freaky it is, prices have trouble at these points

dont believe me, do that calculation about the euro/usd it hit 161.8% from a bottom price of the previous trend look at the chart we are right now
it had trouble passing 1.37780 see how it toped went down almost hit the 200 moving average on the 1hr chart formed a cup and handle and moved stalled at the level again.

support is an are where prices have had trouble breaking to the downside in the past, look at the chart if prices go down and seem to come up from a similar area in the chart that is support

for example:

in the EURO/USD look at the chart now lets apply all the indicators and

this is my trading style confluence : when all point to the same thing

resistance: prices hit a fibonacci number stalled and in all time frames you will see the candle sticks with a long top along that price range
DEMAND IS DECREASING
then you see the daily and notice how before when the euro was going down it tried a leg up and stalled and fell
RESISTANCE
candle sticks continue to falter on the RESISTANCE LINE, this is major resitance its also near a psycological resistance, a whole number
1.37500 it gets worse on real whole numbers 1.3800 is more psycologicaly scary than 1.37500 for some reason traders dont like to buy at round numbers
RESISTANCE, RESISTANCE

then you see the bollinger bands contracting meaning range is narrowing,
its at the end of bullish price direction, near a fib number, near a major resistance, 10/50 moving averages are starting to point to the downside, stochastics over bought, RSI overbought, ADX lossing momentum


CONFLUENCE: USE YOUR BRAIN, PRICE WILL DROP
I took profits and stayed in cash, didnt take any GREEDY FEELINGS of i might miss out on a break out. bigh profits on a break out.

CAUSE EVERYTHING ELSE WAS SAYING DUMB FOO STAY OUT. and A ROUNDED TOP . so ok out i go

CONFLUENCE IS THE BEST, USING YOUR BRAIN IS THE BEST, I showed you everything i know about the market, and indicators are usefule
moving averages are useful, fibonacci are useful, triangle patterns are useful, chart patterns are useful, psycological number trading are useful
and pivot points are useful,

i will teach you pivot points too in my next post before i start he real journal
this was knowledge sharing so the newbies can follow, and learn what i know

GUESS WHAT HAPPENED AFTER I TOOK PROFITS,
price fell close to a fibonacci 23.60%, so i made a great trade when price fell bellow the 200 on the 15 minute, i shorted it till

i saw support, I WANTED TO KEEP SHORTING (GREED) but hit support 3 times on the 1 minute, i saw the 15 and was having trouble passing that support,
was not reaching the S1 pivot point, which was at a fibonacci retracement number, a round bottom was forming,
YET I WANTED MORE PROFITS

the moving average 10/50 where starting to cross over to the upside
and the bollinger bands where starting to widen with price on the upsite

the 1 hr chart showed the price bouncing of the 200 moving average.
the candle sticks on the daily where not looking too bearish,

my indicators where saying overbought still, i WANTED TO BELIEVE THEM
BUT CONFLUENCE AND USING MY BRAIN SAID

GET OFF YOUR SHORT POSITIONS FOOL and go the upside

which i did, I FOLLOWED CONFLUENCE AND MY BRAIN AND YEP UP IT WENT


THEN I MESSED UP MY TRADE AFTER THE CUP AND HANDLE i new it was clearly going to go the upside after which it did hit resitance stalled and passed through,

I STARTED TO TELL THE MARKET WHAT TO DO, i wanted to short, i went long, Then short again

loss, loss, loss, loss


what happened?
incredible trade following reasonable desicions based on confluence

disaster following greed and ignoring the market.
before i gave all my earnings on this book perfect trade i closed my laptop, went to sleep,

i even posted on this site that confluece shows bullish on the EURO till somewhere around fibonacci 2.618 or 1.43390 but i will watch closely at the psycologically scarry number 1.40
but i did not follow my own advice i followed greed

CONFLUENCE IS MY ADVICE,
I MAKE MONEY WHEN I USE MY BRAIN, I MESS UP WHEN I DONT LISTEN TO THE MARKET AND TELL IT WHAT I THINK IT SHOULD BE DOING

yesterdays HI+LOW+CLOSE/3 = MAIN PIVOT POINT

projected R1 (Resistance 1) 2*Main Pivot Point - yesterdays low
Projected S1 (Support 1) 2* Main pivot- yesterdays HI

R2= main pivot+ (R1-S1)
s2= main pivot - (R1-S1)

floor traders and millions of day traders use them to give them direction for the day. for that reason alone they are important, you see what the big boys see

here is PIVOTS in a nutshell

if todays price opens above the MAIN PIVOT, you should probably be biased on the long side, and price will usually reach the R1 level, which tells you to be careful because resistance or highest price of the day might have been reached. but if demand is really great the price will move past the R1 On to the R2.

this is important so you dont buy at the high, on opening you start to be biased on the upside, and look for opportunities to position yourself accordingly

usually the MAIN Pivot acts as support and if the market is bullish prices generally dont pass bellow that.

for bearish is the other way
if opens bellow the pivot, prices usually move down to the S1 and possition yourself for shorts but use your brain, as if S1 is not reached and demand passes the resistance of the MAIN pivot, it generally signals a reversal.

BEFORE THAT. I will give you my style and my theories on the market and you choose if its B/S or im on to something,

keep in mind im not a professional, or an experienced trader, im a newbie too.
but im a pretty smart one, as you can see lol

MY THEORY (might not be mine, could be someone else's i dont know about, nothing is new under the sun in trading but i haven't seen it so dont sue me for saying i came up with it, because i actually individually did with out knowledge of its existance)

now that the disclamer is over


I use 10/50/200 moving averages to give me direction of where the trend is
time frame is up to you. I am profitable on the 4hr and 1 hr because there is less noice, and as a stock market swing trader, i see phenomenal set ups on the daily but stupid me doesnt take them due to i want more action, i wan this to be fun for me.


THE MAIN, i repeat THE MAIN MOST PROFITABLE BASE is PRICE ACTION
supply and demandd, because forex and stocks is all about buying and selling

I scan for bullish/bearing chart patterns cup and handle, ascending and descending triangles, double tops and bottoms, rounded tops and bottoms,
and i pay attention to the candle sticks (they are more important in longer time frames like 1hr minimum)
RSI to let me see what other people are seeing, i dont want to be caught waiting because i got the price movement right (with moving average cross overs and chart patterns, price action) just to wait (im impatient and i know i need to work on this) because people are seeing overbought and not buying, and now i wait till the market stops correcting and turns to the direction of the trend.

daily pivot points to give me guidelines of support resistance and potential daily lows and highs,

i use trend fibonacci (other wise the daily just looks to messy with all kinds of lines on them that i dont even know what im looking at, the cleaner the chart the better, only use what you like to use, what works for you) and use your brain because the danger of confluence is that if you follow indicators blindly you will just get confused and panic

i use bollinger bands, cause im learning how to use them and i want to master another tool, and gives me good indication of what healthy fluctuations in price are, so dont incorrectly think im wrong ( in other words, it keeps me from panicking)

HERE IS THE MOST IMPORTANT PART

MY BRAIN: what are all these diagnostic tools telling me?
what is a reasonable decision?

is confluence telling me to go long? is it corroborating a down turn and i should short it?

or i dont f@#!n know!!! then you guessed it, i stay in cash till the market tells me where is going
some times the bulls and bears fight off in a way that is hard to reasonable predict direction of price. in those cases. stay in cash

or if the risk:reward is better keeping your position even thought the market is not clear then go for it, use your brain not hope not fear

for example if i bought a the 50/200 crossover on the 4hr chart and im up, but there is a major resistance up front that the price might or might not turn for the worse, i might stay and see, i dont want to cut my profits short. i dont want to exit out of panic

but if you just entered and now youre up but the resistance is fast approaching and confluence says risk reward is against you.
get out.


YOUR JOB IS TO PROTECT YOUR MONEY above all else
BETTER TAKE SOME PIPS THAN LET THE MARKET TAKE YOUR MONEY BECAUSE YOUR GREED MADE YOU STAY TOO LONG

I'm looking at the EURO/USD, and i have mixed feeling about it, but i feel like the correction is here,
the price has not passed todays pivot point, opened at 1.38156 the central pivot point for the day 1.38143, its actually acting as a resistance point

yesterdays daily candle stick patter closed below open but in no significant direction
bollinger band on the 1 hr is trading on the lower base, moving averages seems that if continuation of price remains they will cross to the down side

i see a round top at the end of yesterdays close, and its forming a second small top, seems like its trending to the down side
a small bollinger squeeze happened at the end and begining of todays trading sesion, and widening rounding to the down side

RSI still going in the direction down towards the oversold,

im feeling bearish on this trade, i believe confluence to the down to todays
S1 1.37680 and see what the market says

stop loss above the central pivot point and i will use the 15 min chart for todays trade


im out of my position now, due to a dumb dumb move. it is GREED

i was right my analysis was right i shorted it all the way down to 1.37835, the when it consolidated and formed the rounded top on the 1 minute (yeah i got to work on keeping consistent with one time frame but i get bored)

i tweeked the moving averages on the 1 minute with great results I use the 100 simple MA and the Standard Bollinger bands, it comes witha 20 ma

so the 20 and 100 works wonders on the 1 minute chart, it filter out the noise so far.

as i was saying i made some money wen i saw the round bottom i thought a leg up was coming, so i exited and wanted to go long but waited, maybe shorting it on the top, i thought.

but then i saw a cup and handle except i didnt wait long enough for confirmation, forgot about confluence and went for it,
i ended up giving up half my earnings

thats what i get for greedy, anyway, ill see if i see any other patterns, i dont want to over trade

so it was a C trade for being dumb and greedy

2/03/11 2130 US pacific

on the 1 minute chart i see a double bottom meeting resistance at 1.37835
but the moving averages have not crossed and support at 1.37955 hasn't been broken.
i will wait before going long, stochastic saying overbought, so ill be careful
not do anything yet, plenty more time, to pick a set up

see you tomorrow, the W looks viable moving averages crossed upwards, broke resistance, tading on the upward side of bollinger bands, stochastics says overbought but i dont believe it. seems like the downward move has stop and might move upside, but im getting tired, and is evidenced by the fact that i immediately exited my short inverted on not confirmed cup and handle and now i want to gamble on the double bottom,

i need some rest, ive been writing all day here, HOPEFULLY i am helping some people,

OK Ive been reading I've been learning and my old strategies, that usually work, are seeing some new friends, i am a swing trader in stocks and i like moving averages and stochiasis.

1 hr chart, using 4hr for bigger picture
using parabolic SAR, Bollinger band, Pivot points, Support and Ressistance,
Fibonacci.
Moving averages 10/55/200
bollinger bands 2/20
Pivot points off the daily
fibonacci of the trend
MACD
Stochastic 9,3,3

The EURO/USD, i see its been oversold, stochastics is at 10
MACD, the divergence is slowing and moving to the upside, the convergence (the moving average lines are still downwards but momentum is gaining up)

The trend: the 55 and 200 haven't crossed, so it seems the euro uptrend still continues, this is a retracement.

Ressistance has been touched 3 times at near 1.36000 on the 25th, the 28th and price is consolidating there now after the big down move that i should have seen coming last night due to opening below the pivot point of 1.38140
last night i should have kept my short as it approached s1 and s2 and took them out. Now its at a trend fibonacci number of 1.36280, and a psycological 1.36000.

i think this big down move has lost steam just about now and should correct to the upside, it pierce through the lower part of the bollinger band, MACD losing momentum, the market oversold at the 1hr. Parabolic SAR still bearish
Moving averages still crossing downwards and price action still bearish.

i will patiently wait for
1 Parabolic SAR to form on the bottom
2 Stochastic to start crossing upwards
3 MACD to show more upward momentum and beging to cross convergece upwards
4 bollinger band contraction with moving averages 10 and bollinger 20 to cross upward and consecuently cross the 55 ema as well
5 a price action bullish pattern, triple bottom, double bottom, rounded bottom, or any formation of the sort.

i feel like anticipating the move at this point but i have known that, it only gets me impatient and chances are more against me than waiting for confluence confirmation

First things first: i need to focus on one thing in my trading first and that is the most fundamental of all. Identifying the trend.

1 theory number one on ways to identify the trend will be to look at the charts in different time periods, and get an overall feel of the market, but what time frames should i focus on? The daily? Weekly monthly to be aware of overall trend of the market.? Seems reasonable.

My planned strategy. To first off analyze price data at differnt chart trime frames and come to a reasonabe conclussion,

i have been analyzing the eur/jpy over different spans of time. Here are my findings, and i will only take the trades that will be profitable that corroborate the findings and take advantage of price fluctuations. I will use technical analysis tools to help me pick entries and exits. MACD works well to help me determine momentm of price. But keeping in mind that the moving averages are nothing more than the average price of a security over set periods of time.

My plan for the eur/jpy:

chart analysis: the 1 Year chart, shows the current price significantly lower than that of pre 2008 levels. We' are on a downtrend of the Euro vs the yen, the Euro has lost about 50 units
the 5 year average is 140 we are currently below the average with last price at 111.589
this is significan as the dropp still continues.

The monthly shows a clear resistance level at the yearly average of 113 price attempted to break the upsite but could not and seems to be returning to the mean. Towards the bottom part of the bands.
On the daily chart i can clearly see demand dwindling as a top has now formed and several dogis leading to another drop in price. Price dropped to 110.770. the 4 hour chart shows more lack of demand, and the bollinger bands are opening, with a lot of evidence showing that the direction is probably down towards 108.00 but 110.00 should be interesting to see as it is a big psycological level of resistance.

On the 30 minute chart prices have fallen bellow the weakly average and moved momentarily passed the daily, that move seems to be lossing steam evidence by MACD showing upside mommentum slowing and average cross over to the down side.

on the open of the market i will stand by to see point where i can enter and take profits without being whipsawed by the inevitable daily fluctuations in price.

this is a business and i will treat it as such,

Browsing through currencies, i found the AUD/CAD
with the perfect set up and confiramtion, to test my new found strategy

Price seems to be bouncing of the bollinger bands with no prevailing trend in the monthly chart
on the weekly, price appears to be testing the 6 month average, and parabollic SAR has formed on top, now comming into the daily chart, the pierce of the outer bands is complete and demand seems to be dwindling, on the 4hr hour chart/30 min side by side , which is what i will use to trade this currency

Parabollic SAR have formed on top of price, according to bollinger band theory, price should bounce to the average price

1st target price .9897 with a second target price .97350, stop loss at the parabollic SAR 1.00500

its been a while since i post in my journal, and i look back at all the B/s and clutter i used to have in my charts.

i have now found a new methodology that uses techinical analysis properly and i will now be posting in this journal my new trades. granted am a novice strategist and tactics are subject to change.

first off, i want to let you know on my methodology, so you can follow.

first off i look at the market, to have an idea of the movement of the USD
if USD strengthens top 3 majosr move down, bottom 3 move up
looks like USD weaknening today


then i want to get a feel for the trend, so i looking at a daily, what im looking at is the speed and time of the candle as well as range and direction
seems like the downward move is losing momentum and stalling, here is a good area to attempt a bullish ancor position


now i want to look at volatility and market form, see what terrain i will be doing battle. im looking at the 1hr chart as my head does better calculations in terms of hourly. i look at the direction first and foremost, areas of interest, price levels where price has found support or resistance. and look at the speed of the movement and the range of the candles, as well as momentum.
here we see that the euro is no longer losing ground to the USD and is giving me a yellow light to have a directional bias bullish


on this chart is the 5 minute chart but zoomed out to feel how the waves have been moving.
no calculating on this chart just look at it and follow it with your eyes or put your finger to the screen and follow it.

can you feel the direction?


now im attempting to enter the market, i split my screen in the hourly to calculate, and go with the major movement and
and the 5 minute chart to time my entrances and work out my attacks and risk aversion, rescue tactics

thats what this trade looks like in the hourly time frame
Attachment

that is what this trade looks like when in the 5 minute for timing.

now the key here is to forage on the enemy, only risks pips gained,
and im watching for price change in momentum, to scale back or liquidate, or hold, depending on how the market form looks like

do not want to hold a trade in changed pictures, or i would have to rescue

i had 4 troops in, scaled back 1 lot, due to price exhibiting momentum change,

still in with scout and levle 2 to ride movement if it continues, ready to scale to level 3 attack if price shows strength