CAL was a B&B short. Initially, it looked like I would get two inside bars, but the 4th bar was head fake. I took the trade anyway and my target was easily met just as lunch was beginning.
MNST was a short setup at R2. The volume on the rally from S2 was dismal (dead cat bounce), so the two bearish stars at the base of R2, signalled a short.
4 comments:
Jamie,
Dude, you are knocking the ball slap-out of the park!
Per your lesson, there was also a 2-IB setup following the B&B in SGR.
Good eye Jim,
Bars 4 and 5 are NR6 and NR7. No wonder this one worked so well ;)
The end of day trade examples have been incredibly helpful.
Thank you for so generously sharing your knowledge and your time.
Thanks for the feedback Mike
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