Monday, April 13, 2009

Daytrade – Result – Win – INTU

INTU - 2009-04-13 140409 - 15m

My second trade of the day.  What I saw…

  • 2 consecutive inside bars and NR7 combination
  • A downward pressing 5ema
  • No Entry Bar
  • It’s obvious that I was trying to force a trade here
  • My Entry was under the white line below the low of the 2 combo bars
  • My Target was the Opening Low
  • My Short was triggered by the 8th bar
  • I thought I was Stopped Out when prices retraced back above my Stop, but it didn’t happen (see white circle on chart)
  • The long upper shadow on the 9th bar was caused by bad data
  • Another entry point could be the break of the 11th bar bottom
  • My Target was reached during the 12:30 bar

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