ACI was downgraded and gapped down to the next intraday PP. The price toggled around the PP for the first hour of trading, but at 10:30 started an orderly descend that observed the 5EMA on closing bases. I saw an opportunity in the 11:10 NR IB that closed just below S1 and printed a long upper tail. I took a partial at the next PP and exited when price reversed and approached the 20 EMA.
3 comments:
Congrats - nice job. We have to stop trading the same stocks otherwise readers will think that Anarco and Jamie are the same person. ;)
:-)
Not to mention that OONR7 also traded ACI. Too funny!
This weekend I am going to study your ACI chart and how you traded this stock a bit deeper. It is interesting that in your 5min chart you entered Long at the exact time I exited the position. I get a sense that my timing for exits is not quite right yet (and I also missed the long opportunity).
Cheers,
it's a conspiracy!! Anarco... I was looking at your ACI trade and noticed that our pivot levels weren't the same for this chart. We're both using QT, but I have S1 at $50.84 and yours is just under $49. Any reason why it would be different? I actually like where your S1 lined up :)
Today T chart pivot levels are the same as mine though. Weird.
Post a Comment