AAPL gaps wide and quickly takes out the ORH and R2. 4/15 NRIB (narrow range inside bar) on lower volume is the trigger bar. I was actually hoping for a second IB, but it looked good on the 5 minute so I took it. Book a partial as price approaches 38% Fib. extension of the previous day low to the ORH. Stopped out on balance as price dips below the 38% Fib. retracement of the ORL to the morning swing high.
6 comments:
I really like those Dummy gapper trades! Thanks for share your experience!
Michael
Welcome Michael
Hi !
10x. Excellent blog ! Keep going !
My Q is about recent AAPL trade. "4/15 NRIB (narrow range inside bar) on lower volume is the trigger bar" What does mean 4/15 ?
Thank you in advance, Goga
Goga,
Thanks, 4/15 is short for "the fourth 15 minute bar".
Where do you get all of the abbreviations? Hard to follow w/o them. Thanks
In the side panel under Key Posts, click on Acronyms and Abbreviations.
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