QLD

Trade based on QQQQ chart.

QQQQ's looked strong at the open and I was watching them closely to go long in AAPL but QQQQ was rejected at the PDH. At around 10.30-11.00, it formed a roundish base and I entered long on the break of the base in QLD. Took partial** at $29.50 which 62% FE of the leg down in QLD and exited completely at ORH/PDH.

** My partial is not always half of my position. They vary depending on how comfortable I am with the setup, my previous trades etc.

AGU

AGU was weak on the open along with the indexes and soon took out the PDL, forming a WRB that closed weak. Next few candles started retracement and then formed a roundish bearish base against the PDL. POT also formed a similar roundish base but I liked that AGU formed a red WRB on the open and went with AGU. Exited on the green candle after the bullish hammer like candle.