Thursday, May 20, 2010

VSA analysis for another trade on currency future


1. Uptrust bars - Weakness on background
2. Strength? - But no volume on following growth
3. Growth with heavy volume - selling?
4. Downtrend on the top, support on the bottom - i was waiting for breakout.
5. Here i placed limit sell order (under support line and 250 SMA)
6. Here i closed half of trade.

The rest part of trade was closed below. Resulting RR 1:2. Not bad.

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