BIIB was very active in pre-market (Trade-Ideas pre-market scan), however, it almost put me to sleep midday, as I waited for my sell stop order to trigger. BIIB could not close above the pre-market high (upper blue line) or the 10 period EMA (pale blue line). I set my sell stop order below the narrow base. My target was the ORL.
4 comments:
Nice trades Jamie. What did you use for your stop, the top of the trading range ~$62.10?
Exactly.
Jamie,
When did you start using 10EMA as well?
YR
YR,
A long time ago I used 10 and not 5. But then I read Trader-X and switched to 5. Now I like 5 on the 15 min., but I'm experimenting with 10 on 1 min and 8 on 5 min.
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