But the entry bar was an inside bar that closed strong, and was nestled in the tail of the previous bar (an X observation that he wrote about often).
Regarding "Comments" - I have not had time to answer all of them, and I apologize. But please keep making them as I (and hopefully all of us) enjoy the interaction. I will try to go through them this weekend and answer questions addressed to me.
6 comments:
Cool trade and great blog.
How did you trade on Fed day? Exit before 2:15 or enter after?
You traded PBR late in the afternoon, do you worry it may not have enough to take it higher?
Tom,
Was CAH an open gap down selection or did this come up latter in the day as a momo? Are you taking an interest in fading the gaps as in PBR? Thanks
i hit CIT on a reversal move above yeterday's high. alot of teh gap downs were rallying and the gap ups looked strong, so i was hunting for reversals. i sold too early as i screwed up the stop loss entry.
almost forgot. excellent trade Tom C. SNA provided a "continuation" play on a gap up, but i didnt take it as i had to leave early.
I try not to be in the market when the Fed announcement happens.
CAH was actually on my RealTick gapper list.
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