First candle breaks PDL and closes weak. 2nd bar starts retracement up to PDL. Third bar is NR3, inside bar. Entry below $65. Exited when 9th bar took out the high of 8th bar.
Price opens below PDL. 2nd and 3rd bars are inside bars. Entered on the break of 3rd bar low with stop loss above the 2nd bar high. Covered where shown.
7 comments:
Cool trade on APOL!
Nice Day Tradr. I was also in AMGN.
Exit was blunder. There was clear support at around $64-63.70 area. Don't know what I was thinking.
APOL has been acting very nicely at support and resistance so far.
Thanks Anarco. Happy to end in green on a choppy day.
Thanks Jim. Where did you exit in AMGN?
On AMGN trade from last week, I was working and left a BE stop in place thru mid-day. I exited later in the afternoon following the failure/reversal at the AM low. I would have managed it tighter (as you did) if I had been monitoring full-time.
Thanks Jim. My exits are really bad and wanted to see how I could have improved my exit.
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