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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)Tech can correct me if I'm wrong on any of this but below is a details analysis of the chart that I marked up for SWM. It shows where the stop was trailed each time and has a few explanations on the chart.In answer to the previous questions notice:21st Jan - this was preceeded by a couple of very tight range high volume bars which could indicate potential supply. 21st Jan tests this on low volume which could suggest little supply. It needed a couple of bars to sort itself out and then away it went.1st Feb - Notice that this is preceeded by the pivot point reversal. We like to see price moving up on lower volume, with no resistance in the near background.[ATTACH]52549[/ATTACH]
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
Tech can correct me if I'm wrong on any of this but below is a details analysis of the chart that I marked up for SWM. It shows where the stop was trailed each time and has a few explanations on the chart.
In answer to the previous questions notice:
21st Jan - this was preceeded by a couple of very tight range high volume bars which could indicate potential supply. 21st Jan tests this on low volume which could suggest little supply. It needed a couple of bars to sort itself out and then away it went.
1st Feb - Notice that this is preceeded by the pivot point reversal. We like to see price moving up on lower volume, with no resistance in the near background.
[ATTACH]52549[/ATTACH]
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