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Trade Outside the Intra-day Range, Trading Golden Rules »

[1 Nov 2010 | No Comment | 189 views]
Let the profit run

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 …