Trade 1: +24, +38 (50% Fibs 8/17 end of day MRL to 8/18 HIGH (8/17 HH taken out) at the MAs)Trade 2: +14, +25 (Fib Confluence 50% Entire Day w/ 38% 8/17 MRL to 8/18 HIGH at Mid to Lower Keltner)
Trade 3: +09, +09 (EURP - Enter Mid to Lower Keltner)
Trade 4: +08, +13 (CT Trade - Volume indicating possible shift in Demand to Supply, Enter at 50% Fibs AL4 to NH Mid to Upper Keltner)
Trade 5: +07, -08 (CT Trade - Re-Test of NH / Weekly S1 w/ Volume looking more Bearish)
Trade 6: +08, +18 (CT Trade - Re-Test of Weekly S1)
TOTALS: +165 / +$825
LESSONS LEARNED:
- There appeared to be a shift in Demand to Supply indicating a possible market top mid day. The trend was too strong to sell off... the market continued to make new highs. If you identify a shift in Demand to Supply and the market continues to make a NH then the Price is not confirming (Volume sometimes precedes Price, however, you need to see both Price and Volume confirm the direction of the market... do not execute another CT trade if a NH/NL is made in the direction of the Trend... Continue to Trade in the direction of the Trend.
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