Hitting a brick wall
This time... in a very good way. Every trade I took today was a variation of my 'brick wall' setup.
WGOV
Pretty straightforward retrace back to the 10-min ORL (which was also the :15 ORL). Shorted off a break of the 10:30 bar low and sold near the fib. ext. I didn't partial on this trade because my complete order was not filled and, instead, I just set stop order to BE on all my shares after 1R. Worked out just fine.
GENZ
Using the :15 as my OR I saw a nice 'brick wall' setup with an offsetting bar on the 10:40 candle. Shorted at the low of that candle, partialed along the way and exited all my shares on a break of that mean ole hammer at 11:50.
UNH
This was different from my other setups and I used the 25% fib. level as an area of resistance (ala Trader X, but he uses it intraday). Shorted on a break of the 10:15 bar low as I wanted to see a good confirmation of the resistance. I was luck that my entry bar was just as narrow at the 10am setup bar. Took a nice ride, scaled out and exited completely just above the fib. ext.
5 comments:
today's trades were no brainer as broader market kept selling off
Excellent - Congrats OONR7!
Good Trading. Nice trend day.
thanks... feels good to have a Jaime and Traderam kind of day :)
Congrats 00nr7!!!
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