Thursday, May 21, 2009

STT


STT was relatively stronger compared to the market in the early morning and formed a green candle with a long upper wick. 2-5 candles started consolidation. Wanted to enter long on the break of a green bar. Was waiting for the green bar to be formed. The 6th bar was a WR green bar that closed very strong. R:R was not good but I still entered on the break of the 6/5 bar and exited completely at exactly 50% FE of the 15min. OR. If the market was in green, I would have targeted 61% FE. Did not want to take risk when the market was 100+ in red.

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