Your time frame is a little small.. you need to be looking at a bigger picture to draw your bases.. if your looking at a week than you need to respond fast to bounces.. I dunno what to tell you with this chart..
Anyway, my rule of thumb is to never let a bounce get away from me without atleast participating.. so that means selling some on every bounce.. But honestly its your timeframe thats throwing you off.. you need to look at a bigger chart and run your odds, figure out what is a normal size bounce..
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hey, thats what i like to see... Your evaluating the whole chart and now you have a good sense of your odds.. I would say that I probably wouldnt have taken a trade off the 700 break, but your odds are still very high, that you atleast get a break even trade..