BAC (gap up)
After the gap up, the stock retraces down to the ema before starting to recover and trend up. After a break above the OR we have sideways consolidation just above it. Then the 12th candle is green and bullish and closes strong above the OR with ema as support. This is our trigger.
Entry: 37.75 Stop: 37.20
Fib Ext: 38.74
1R=38.10 2R=38.45 3R=38.80
We trend up nicely intially reaching 1R, but it doesn't follow thru and we stop out at breakeven.
COF (gap up)
After gap up , we retrace then trend up with the ema and cross the OR on the 6th candle. Then the price retraces back into the oR. The 12th is strong and closes above the OR and ema and also closes strong itself. This is our trigger.
Entry: 50.00 Stop: 49.25
Fib Ext: 51.94
1R=50.75 2R=51.50 3R=52.25
The price trends up nicely and we take partial profits after a $1 gain at 51.00. The rest is trail stopped out at 1R after the red inverted hammer like candle.
DLB (gap down)
Gap down then it weakens further before dropping below the OR. We then retest the OR from below on the 6th candle which is also a NR7 and NR3. This is our trigger for short.
Entry: 36.92 Stop: 37.20
Fib Ext: 35.49
1R=36.64 2R=36.36 3R=36.08
After entry the price drifts sideways before falling in our favour. We take partial profits at 2R then rest is stopped out at breakeven.
YHOO (gap up)
After gap up we have some choppy action at the OR high before the 5th candle is strong and closes above the OR. This is our long trigger.
Entry: 27.27 Stop: 27.02
Fib Ext: 27.74
1R= 27.52 2R=27.77 3R=28.02
The price trends up nicely up to the 1R, but it doesn't follow thru and we stop out at break even.