Feb 12, 2008

TAP - Long

Today's TAP trade is what I absolutely look for in every setup. Strong first bar, orderly 3 bar pullback (2 down bars) into the 5ema. Entry bar was strong with very little upper tail. I exited my entire position after a 1 point gain (including the entry... there were 6 straight up bars in a row before I exited). The long lower tails on the bars after entry did make this a 'white knuckle' trade at times.


Glenn said...

Nice trade, beers all around.

Hammer Trader said...

nice one OO.