Articles in the Trade Outside the Intra-day Range Category
Day Trading Journal, Day Trading Pattern Analysis, Emotions, Emotions, Exit Strategy, Trade Outside the Intra-day Range, Trading Golden Rules »
MHK is a great stock that I missed today. To be exact, I didn’t missed the stock, but I missed the right entry point. I actually entered the stock twice. The first time was at a fake breakout point, and the second time was at a less favorable point that I was not comfortable to stay for long. Take a look at the pattern first:
The first time I entered the trade, was right after the stock dip under $58 at $57.84. The stock first showed strong momentum to go down, …
Trade Outside the Intra-day Range, Trading Golden Rules »
There are two stocks with great patterns today. I did one and missed the other.
WYNN is the one that I entered, a little bit after it broke out its early morning high. The entry time is at 9:55am. I was a bit hesitant because at 10am, there is economic news. However, the momentum was great and the trend was very clear. So I entered. Also, as we can see on the chart, WYNN started the day right above yesterday’s high, and below the day before yesterday’s high. It was supported …
Trade Outside the Intra-day Range »
FSLR is the trade I entered today, and I’d like to put it in the best tradable pattern category. Why? Let’s see:
FSLR started today way below yesterday’s low because of earning disappointment. It tried to close gap as shown in early morning green bars, but failed to break through the 10sma resistance, and started to go down. It tried again, but again failed and broke the $140 decade number. Got a bit of support by that number, but after the small dogi, it resumed the down trend and gives a …
