Symbol: RIMM
Type: Long
Result: Gained +0.7R
- I failed to spot an entry on RIMM early this morning, but it remained on my watchlist
- After the prices reached its Day-high, it retraced a bit and the rising 5eMA performed well as Support
- I was hoping for a 2nd rally when the prices break Day-High, and ran for 138% Fib (from yesterday's low to today's high.)
- I entered Long when the prices broke the day-high (see top yellow line)
- It didn't get to where I wanted it to go
- Fortunately, I had to leave my desk for a meeting and therefore, I had to exit my position
- Otherwise, my Protective-Stop would have triggered during the next bar, which only means less profit
- But at least it's a winning trade!
- Have a great weekend, and Long weekend to those in Canada!
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