Daily setup: Gap below flag (of big run off bottom)
Entry/play: 1 min, watch level 2, tried to preempt new day low
Management: Initially, half stop above entry area and half stop above day high. After the base developed more, I moved the whole position stop down to above the base.
Psychology: Ok. I thought it was a good enough play (of course, after the fact, even though the gap down below flag was valid, the run up had been very strong). Took smaller size. Ate it.
Popular Posts
-
Daily setup : volume gap above downtrend Entry/play : New high after pivot low Management : Trail stop. I didn't tighten near top, and...
-
Daily setup : Gap up, earnings Entry/play : Gaps up must sell off first. Identify pivot to trade against. Watch level2 for entry. Manageme...
-
Daily setup : Hammering on volume, still in this pennant I'm watching Entry/play : After ndh surge, bought in box. Way too early. Mana...
-
Daily setup : gapping above high downtrend Entry/play : postO, trading back above vwap Management : combination of targets and squeezed st...
