AEM,AGU,APD,BHP,CAL,FMCN,GG,HSY,IM,MGM,MOS,PWRD,
SOL,SOLF,SYMC,TOT,TTWO,LOW,KGC
RHI (gap down)
First candle indecisive. The we have an uptrend towards the previous day's low. The 6th is weak red which fails to get near the low and also closes weak below the ema. The 7th is NR7 and closes weak below the ema. This is our trigger for short.
Entry: 27.22 Stop: 27.43
Fib Ext: 25.92
1R= 27.01 2R=26.80 3R=26.59
We fall nicely after entry and move stop to breakeven after 1R. We take partial at 2R as we are approaching the OR low and a potential for a bounce. The rest is left to run and is closed towards end of day for around 3R.
Overall, I couldn't find much else to trade. But the one trade was a nice gainer.
3 comments:
that's a really nice trade. I'll be watching how you do on those setups from now on... makes sense to see if the ORH acts as strong resistance.
I was thinking that the fact you work during trades might actually help your bottomline. If I was watching this trade the whole way through I probably would've exited on that next big pullback.
Thanks 00nr7.
No doubt about it I think. As I don't watch the market all the time, it makes it easier to stay in the position.
I should get a job to make more money trading :)
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