Trading Analysis based purely on Price Action as taught by Nial Fuller at www.learntotradethemarket.com. All I post here are setups which i see fit to trade win or lose.
Thursday, 29 November 2012
Silver Analysis
Big bullish candle developed on daily timeframe
Rejection of 21 ema
Rejection of 33.48 support
Trend up
Pinbar candle developed pullback
Order to go long:
STOP: 32.84
ENTRY: 33.47
LIMIT: 35.05
RISK/REWARD: 2.5/1
Trade didn't trigger, missed the boat. 50% retrace on candle didn't happen
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