AKS (gap down)
Weak first then sideways before break of OR on 6th. The 8th is NR3,NR7, red hammer off ema and closing weak. Can't really get a much better setup than that IMO. Closed partial at 1R near whole number then rest was closed at end of day at 3R.
FCX (gap down)
Weak first then OR break on 2nd. Then sideways to ema resistance. The 8th is weak hammer like off ema and is our short trigger. Closed partial at just past 1R as Fib Ext was near. Then rest was closed at end of day past the $1 gain (around 2.3R).
MEE (gap down)
Weak first then OR break on 2nd. The 3rd cannot recover and the 4th is red IB off OR low. This is our short trigger. Closed partial at signs of support (near 1R) , then rest at end of day (1.5R).
PBR (gap down)
Weak first then sideways along OR low. The 5th breaks OR and the 6th is NR7 remaining below OR and weak realtive to market. This is our short trigger. Closed partial at 2R then rest at end of day just past this level.
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4 comments:
Man, I was all happy with my 3R before I checked out your day :-)
hi
i see that you take different type of trade ,sometime its faraway from the or bar.
i try to take the best one-retest of the or and nr3/7 ,but lately its not working?
like yesterday-lpnt 6 bar?
long live the gappers :)
anon > I can't see an entry on the 6th bar. It is a NR7 yes, but it hasn't crossed the OR with much conviction. The whole number is also in sme area so potential bounce area. Aside from all of this, I still would not have been triggered off the 6th as I tend to use 4c beyond the trigger candle as my entry price.
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