Tuesday's trades

One loss, one win. Started off shorting SO off a break of the 10:40 bar low (5-min). It was a bit below the the ORL, but I was hoping for a quick drop to the fib. ext. and that's where I would've sold. Kinda wish I hadn't taken the risk.

Next up was SCHN. Shorted off a break of the 10:50 bar low (5-min) and this was a nicer setup than SO. The OR was clearly defined and I basically bought off the pullback into the 5ema. Now, it doesn't look like much of a drop after entry but I was able to get a nice $1.2 move off of it and pretty much exited near the bottom of the day (as of 3:30).