Bearish first and then we recover. The 4th is bearish long wick doji off ema and market was weakening. This was our short trigger. Closed partial at 1R as it dropped thru whole number. The rest came back to breakeven.
UNP (rise thru prev day high)
The initial candle was thru prev day high but showing bearish upper tail. The 4th was bearish long wick doji NR7 and our short trigger for gap fade with weakening market. Closed partial near 1R and whole number. Was hoping it would fall thru the prev day high, but that held as support. So closed at around this level (2.5R) later in the day.
There were quite a few other gap fades available but I didn't want to overtrade a setup I am still researching and testing. Worked well today though. Hope you had a good one.
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3 comments:
TOL 8 bar-partial 2R and the rest in the end of the day 1.5R
Very nice trades. 3-15" green bars up and time to get out ...and with4-15" gravestone doji...heads up.
TOL > nice trade.
Thanks bl.
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