ATHR was an earnings gap from the Briefing.com list. It set up a low risk B&B after consolidating sideways. Also, notice that the bar prior to the trigger bar is NR7 and inside. I took a partial as price retested the
ORH. I was hoping for a C&H to develop, but eventually it
became clear that it was retracing back to the rising 20 EMA, so I closed the balance of my position.
NVDA, from the
WL also
gapped up and carved out 2 inside bars on declining volume as it consolidated under R2. I went long on a break of the base and took a partial at $35.50, closing the position on weakness shortly after.
ATHR was an earnings gap from the Briefing.com list. It set up a low risk B&B after consolidating sideways. Also, notice that the bar prior to the trigger bar is NR7 and inside. I took a partial as price retested the ORH. I was hoping for a C&H to develop, but eventually it became clear that it was retracing back to the rising 20 EMA, so I closed the balance of my position.
NVDA, from the WL also gapped up and carved out 2 inside bars on declining volume as it consolidated under R2. I went long on a break of the base and took a partial at $35.50, closing the position on weakness shortly after.
9 comments:
i was watching ATHR while in an on-line seminar. it came back to like 33.51 on a retrace too - the first move i would have been looking at 33.80 R.
real nice trade jamie.
no trades today for moi.
Thanks QQQBall,
Assuming that was an online trading seminar.
yes it was
Jamie,
Nice use of NR inside bars which are more powerful than just NR bars.
AKS offered a nice short off of its drop base.
DRYS was the short bomb off of a tiny NR inside bar - I missed it.
Jim,
I'm still kicking myself on that DRYS miss.
Jamie,
You entered on break of 6th bar high for ATHR?
Anon, Yes
great trade. I hesitated and it went right on by.
Thanks OONR7.
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