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- My shortlist came up unusually short today
- Out of boredom, I decided to see if this kind of setup/trade will work (this is the only trade that I did today.)
- RIO gapped down today and formed a long Hammer on the 3rd bar (5mins), which is not really a good sign for Short to begin with (hey, at least I was aware of it.)
- The 6th bar painted an upside down Hammer. But the Hammer didn't close below the 5eMA
- I thought the price was consolidating and forming a base, and I decided to give it a shot during the 10:50 bar
- My target was the Day-Low, but I already got stopped-out 2 bars later
- The final chart is to show how RIO finished the day
- Oh well, I'm experimenting, and that's why I'm paper trading!
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