I was unable to watch the market the first 2 hrs. GS formed a bull flag at around noon with PDH acting as support. I did not see when the flag broke out. After 2 bars, GS formed a NR7 right below R2. Entered long on the break of NR7. There was nice volume expansion. I was expecting some nice up move but GS stalled around 38% FE of the bull flag. Exited my entire position on the break of 2 doji.
2 comments:
I would suggest that you measure the FE from the pattern BO as opposed to the entry point. This is like my SOHU trade yesterday. The markets ripped in early trade but the afternoon was a grind, so lower the expectation to 50%.
Jamie,
BO point is the high of the 10th bar?
Post a Comment