daytrading april 11 afternoon, page-214

bought 2 lots traders back 14.5 15 CNO

61.8% fib retrace has worked more often than not

mid point of dominant candle as well

expecting a bounce

but in case of breaking down support

what I usually do to limit losses

14.5 buy parcel to be stopped out at 14c, half tick loss

15c buy parcel placed at 15c waiting for the eventual bounce back up to break even

then get another buy under 14c somewhere, say 13c

after this retrace, its gota bounce somewhere,

even just a small intraday bounce should help limit your loss to some extent in the case of 14.5 support breaking down

tomorrow morning will tell,

one more hold of 14.5c, it should bounce imo