Shared by:
Dandres
One of those stocks you watch
- Max share size 50, b size 40.
Open
- I remember that the range of this stock is different and so it was more difficult for me to gauge at what point I should take my partials. The first trade was the break of a resistance level around 122.25. Took my first entry on the minor break, held on a climb back up to my entry because I wasn't risking much but the potential was pretty great. Second entry was the quick rejection and break of the consolidation level again. At this point the stock pretty much went down to 1R but I was looking for 2R and instead of taking a nice base hit, basically got out pretty even.
Reflection
- Nice RS with all 3 indicators: the levels formed, the volume and simultaneous chart confirmation.
- Great scaling on the big confirmations.
- One thing, need to gauge the range and moves so that I dont mistake a move for being less than what it actually is, that might have been the big move.
Execution detail:
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