Thursday, June 4, 2009

POT


POT broke out the 15 min ORH early in the morning and the 8-10 candles on 5 min. chart formed long tails with OR acting as support. Entered long on the break of $113 number. It formed a bearish shooting star like candle on the 15 min and the next candle soon took out the high of the 1st candle and closed strong which is bullish. Exited my entire position when POT formed a series of NRB just below the 5-day MA.

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