Symbol: ALTR
Type: Long
Result: Gained +1.85R
- Picked up ALTR from Briefing/Jamie's Gapped-up list
- Prices formed a Cup-and-Handle formation, with the 10:50 bar closed strongly above Opening Range High
- The next bar (11:00) painted an Inside+NR7+Hammer(almost) combo
- The only thing that I didn't like about that combo is that it is a red bar, instead of a blue bar
- I decided to enter Long when prices break the high of the combo bar, with the bottom of the combo bar acted as my Protective Stop
- Upon entry, prices immediately shot up, but pulled back
- I didn't adjust my Stop and as long as the prices do not close under the Opening Range High, I was going to hang-in there!
- My patience paid off! At 1pm, there was surge in volume after another Inside+NR7 combo bar
- The prices went pass the 119% Fib. Level easily
- It painted a Shooting Star at 2:40pm, right at the Pivot Point / Resistance Level (see second chart.)
- I exited half of my position once the Shooting Star was completedly formed
- I moved my Stop to just underneath the flattening 5eMA
- My Stop was triggered 2 bars later
- My first winning trade of the year! I'm happy! Something positive going into the weekend!
Feel free to share your trades!
Cheers and Good Trades!
No comments:
Post a Comment