Back Testing CPI

Back Testing CPILeçon 7 sur 116 min de lecture

The session high taken

The one reading of the morning that produced a complete setup, walked through decision by decision, and what happens to it anyway.

This is the closest thing to a trade that the morning offered. It is still worth walking through as a sequence of decisions.

First decision, which level

Four charts said seller, so the level that mattered was the one above price.

The London session high at 66,900 was the nearest pool in that direction. The decision at that point was to watch 66,900 and nothing else.

One level chosen in advance, on the side the bias came from.

Second decision, wait for the level

Price rose through the New York session and ran at 66,900, wicking to 67,050 before closing back below.

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