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Trading Journal: Price Action & Volume - April 22, 2024
The first trade was a large spread bar with volume behind it, closing at the high. Also, the price failed to reach/touch the bearish channel below (bullish). I took one long at MKT at the close of the bar and added as the bulls continued. I took profits at the Double Top /ON highs, which happens to be 10+ Points. The second trade was really a mistake (was added to!) and should not been taken, even though it worked as planned. The PA was very strong, and it could have easily moved much higher leading into a daily loss or breakeven instead of another 10-point day. I moved my target to +5 and got that on both positions. I am up 17.75 points for the day.
Hourly is changing to either sideways ( trade 20M chart in both direction) or possibly bullish starting tomorrow.