SNDA (gap up)
After the gap up, the price moves above the OR on 2nd candle. The next 3 candles consolidate above the OR high. The 5th candle is bullish. It bounces off the EMA and closes at its high. This is our trigger candle.
Entry: 33.38 Stop: 32.80
Fib Ext: 33.80
1R=33.96 2R=34.54 3R=35.12
The price moves up nicely after entry. Since the Fib Ext target is close by, we are prepared for this to be a quick trade for 40c. Closed half of position at Fib Ext and the rest was stopped out as break even. A small profit, but still ok.
RRI (gap up)
Gap up was followed by a choppy trend up within the OR. We move above the OR on the 7th candle. The 9th candle is green NR7 dragnflyish type which bounces up from the OR high and is our trigger.
Entry: 24.15 Stop: 23.92
Fib Ext: 24.54
1R= 24.38 2R=24.61 3R=24.84
The price moved gently upwards, but didn't really get going. It failed to reach the Fib ext and we closed at end of the day at 24.45 for a 30c profit.
M (gap up)
After gap up and quick 'look' above the OR we retreat back into OR on the 3rd candle. However the buyers step in and it reverses quickly to form a green long tail doji type. It closes above the OR and also closes at its high. This is our trigger candle.
Entry: 25.68 Stop: 25.40
Fib Ext: 26.20
1R=25.96 2R= 26.24 3R=26.52
Price moved up initially, but we were stopped out at breakeven. There was a 2nd chance to enter on the 10th candle which was a NR3 bar closing above the OR and the EMA and also closing at its high. However I missed this opportunity.
In summary a collection of small winners, but that is not too bad.