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Old 08-03-2008, 11:48 PM   #1

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Nikkei 8/04/08 Setup

Reversal setup using support based on market profile.





Entry setup based on price action using support. Support is off market profile using a cluster area using July 17 high, July 18 VAH, and July 22 low/VAL. Entry is based on the rejection of the breakdown at 12940. Price drops 3 ticks before lifting back to the breakdown point. Stop at 12900.

Entry: 12940
Exit: 13000
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Nikkei 8/04/08 Setup-nikkei-support.jpg   Nikkei 8/04/08 Setup-nikkei-support-entry.jpg  
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