FMT was gift. I accidently started reviewing my Esignal leaders lists before they had been updated with today's leaders. So I was looking at yesterday's leaders just as FMT started taking out yesterday's ORH. I waited until the second bar closed above yesterday's ORH and when the third bar took out the high of the second bar, I entered long. Everything about this entry was perfect except volume which was a little sluggish on the first two bars. As you can see volume came in nicely after the 2nd bar and propelled price in a very orderly fashion.
My second dummy trade,
MMR, came from today's gapper scan and was also mentioned in the Briefing.com gapper list. Normally, this setup works very nicely. DSL had a similar setup yesterday. I started scaling in before the break of the ORH and added to my position on the actual break. I knew we had resistance on the daily timeframe at $15.53. Price reached $15.60 and started to consolidate. It dipped back under the pivot point and felt very weak so I closed my position with a small profit.
FMT was gift. I accidently started reviewing my Esignal leaders lists before they had been updated with today's leaders. So I was looking at yesterday's leaders just as FMT started taking out yesterday's ORH. I waited until the second bar closed above yesterday's ORH and when the third bar took out the high of the second bar, I entered long. Everything about this entry was perfect except volume which was a little sluggish on the first two bars. As you can see volume came in nicely after the 2nd bar and propelled price in a very orderly fashion.
My second dummy trade, MMR, came from today's gapper scan and was also mentioned in the Briefing.com gapper list. Normally, this setup works very nicely. DSL had a similar setup yesterday. I started scaling in before the break of the ORH and added to my position on the actual break. I knew we had resistance on the daily timeframe at $15.53. Price reached $15.60 and started to consolidate. It dipped back under the pivot point and felt very weak so I closed my position with a small profit.
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