BTU (gap up)
First candle was bullish and closed right at its high, so promising. We then have a minor move up outside the OR followed by a shallow drift back alongside the oR. The 8th bar is inverted dragonflyish type but green and closes right on the OR high. This is our trigger. The 9th candle is green and stays above the OR which adds confidence to our trade.
Entry 59.07 Stop 58.75
Fib Ext: 60.76
1R=59.39 2R=59.71 3R=60.03
We reach the 1R point and I moved my stop to breakeven. This is where I was stopped out for a scratch trade.
KGC (gap up)
Entry: 23.05 Stop: 22.80
Fib Ext: 23.31
1R=23.30 2R=23.55 3R=23.80
Just didn't follow thru at all. I moved my stop to just below the OR high, where I was stopped out for a loss near end of the day.
VLO (gap up)
First candle is strong green hammer-like. We then move up outside the OR and begin consolidating sideways with NR bars. The 7th bar is green NR7 and is our trigger.
Entry: 60.78 Stop:60.42
Fib Ext: 61.67
1R was reached on 7:15pm candle (UK time) and the stop moved to breakeven.
Subsequently the price fell and I was stopped out at breakeven.
SIGM (gap down)
First was red hammer-like candle. Then we trend down to the OR low. No setup yet. We then retrace back into the OR Range with green candles. Note that although these are green, they do have longish wicks, indicating some bearishness. We then trend down with ema confirming the "bearishness" of the green candles. The 10th candle is weak closing at its lows and also at the OR low. This is our trigger candle.
Note how the next candle closes below the OR and is red, thus adding to our confidence in the trade.
Entry: 41.71 Stop:42.08
Fib Ext: 40.37
1R=41.34, 2R=40.97, 3R=40.60
Moved stop to breakeven once 1R had been achieved.
I took partial profits at 40.71 ($1 run) and moved stop to 1R on remainder, where I was then stopped out over the next few candles.
It's probably worth mentioning that today was tough. And if the SIGM trade had not been taken then we would not have had a profit day.