Entered long based on 15 min. Market was weak and AMGN formed a hanging man like candle, tried to move up but took out the low of the HM. Exited full position there.
Entered short on tailed inside red on red bar. Took partial when it formed an inside NR7. Exited full position when it formed 2 inside bars.
Was expecting some weakness in SPY today. Little sell-off right after the open, found support on 50 EMA. Rallied on nice volume but then formed a lower high. I entered a bit late in the trade. My exit was horrible even though as I said, I was expecting some weakness. First exit near PDL where it formed a base. 2nd exit was also near the same level.
Had a losing trade in AIG.
This is yesterday's trade. Another cradle trade. Price broke 20 & 50 EMA the previous afternoon and yesterday it opened at PDL and below the EMA's on 5 min. Tried to rally, found resistance at cradle confluence and formed bearish candles. Shorted there and the consumer confidence report at 10 am brought in nice selling.
This is today's trade. Shorted above PDL. Took partial on the way and covered when price broke above S1.
