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Here is what is currently happening.
spiked big first day though it can have another good second day, o/n plays haven't been so good lately
Exact same set up as just before. After the first bullish spike, it retraced. I waited for it to close above the box, which happens to be the 38.2% fibb line and the previous day close (2342.25) My stop is the 38.2% line (2342.25) and my target is the days high (2347.97) I had this rated a 120/130. I chickened out and exited. This will be last trade of the day. I'm trading my emotions not the set up.
This was damn near the perfect play. After the first bullish spike, it retraced. I waited for it to close above the box, which happens to be the 38.2% fibb line and the previous day close (2342.25) My stop is the 50% line (2340) and my target is the days high (2347.97) I had this rated a 110/130. Not the profit that I was looking for. It ran into my 8ema which was my trailing stop.
I wanted it to close above the opening box which was also the previous days close (2342.25) I was a bit hesitant to take this trade as the candle was a bit overextended, but I think there is plenty of upside. I'm willing to risk $70 and my target is the previous days high (2378.75) I had this rated a 85/140 I exited because I am starving and have to get something to eat. I do believe that I exited a bit to quick. I don't think that it'll hit my target but I did leave another $100 on the table
In early morning on movement at $1.30. Having a hard time getting past early morning spike of $1.44. Exited too early at $1.39 price spiked up to $1.48