Wednesday's trades

I feel like I put in a good day's work. Things started off with a questionable entry in GIS off a break of the 10:15 bar high (:05). When I entered, the candle was more hammer-like as opposed to what you see on the chart (I had to clear the chart later in the day and the backfilled info was a little different). In any case, it was a questionable entry because it did have a bit of an upper tail and I prefer my first bar to be more convincing. I actually stopped myself out of the trade a few bars later as price closed below the 5ema. More on GIS in just a bit.

I then entered SNX long off a break of the 10:45 bar high (:05). I really liked the entry and things looked good at first. But price came back down and went sideways eventually closing below the 5ema. So, I stopped myself out for a small gain. My original stop - for both SNX and GIS - was never hit. SNX would've been a nice gainer (I missed an opportunity to enter later).

Back to GIS. Further on in the day, price moved above the OR (notice the nicer looking first bar on the :10) and then pulled back to print a nice hammer and I entered again off a break of the 12:20 bar high. Price came pretty close to the fib. ext. and - as it was getting close to the end of the day - I decided to exit about .20 below my target. This worked out well as price dropped at the very end.