Lots of charts formed C&H patterns yesterday, but gapped up too high today and ruined the setup. APOL gapped, but eventually formed a narrow range base, from which to get long.It came within 20 cents of the 50% FE and then formed a shooting star on the lower timeframe, so I exit and shorted into the close.
POT is still weak after last week's drubbing. I'm looking for a base to form in the area where it capitulated on Friday - blue horizontal line. In early trade, POT made a move towards the base, but failed, so I shorted it.
4 comments:
Very nice trades what trading system are you using here. I have a new stock trading website and I would love to implement some of your trading style in a screener or backtester.
Cheers Tickmarkt
Sweet trade on APOL, way to flip it over & take it short.
Tick,
The system is just eyeballing my usual suspects for low risk entries.
Thanks QQQBall,
Yeah, I love those late day reversals when I can spot them in time.
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