CELG would have worked better if it was a gapper (I think). Price opened within the previous day's range and sold off right away before finding support from the low a couple of days ago. The second bar was a kind of an upside down hanging man (I don't remember the correct term).
The third candle was NRIB and I traded above the high of that candle. Looking back at the trade, the trigger bar could have been narrower or more bullish. I exited the full position near the round number $46. No partials.
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4 comments:
I traded CELG too.
Nice going, looks like your trade was much better! Way to get every penny out of the trade.
Tyler
Tyler,
On days like this when the overall market makes a big move, I often feel like an idiot. It's like any dummy can go long at open and make money on a day like this. I look like at charts like POT and ICE from today and it seems so obvious that breakouts above ORH should be no brainer plays.
Oh, well you still did good with CELG!
Thanks Charlie,
I agree. I think I need to narrow down my WL as well because it seems like it has been very long the past couple of days and hard to focus. I end up taking mediocre setups. Oh well, two more days of trading to go, so hopefully there will be some more opportunities.
Tyler
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