Tuesday, March 18, 2008

Tonto Trade - CS



This is a nice setup. There is a gap up. The second bar fills the first bar shadow, and third bar fills the second bar small shadow. The only minus with this setup is that it is far from the 5EMA, but I would take it every day.The entry and exists are marked in the chart. For the exit, I was shooked out by the reaction to the Fed news.

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