The chop fest continues :-(
This trade is very straightforward: 2IBs at the base of a daily PP (blue line). AAPL reaches the partial target right away (another daily PP) and then retraces to a point where it hits my protective stop.
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6 comments:
Anarco,
At what price did you go short and what was your initial target?
Thomas
The entry was a few cents below 10/15 and the initial target was $174
By 10/15, you mean 10th candle on a 15 min. chart?
I meant to ask the initial stop loss but wrote initial target. :)
Nice risk to reward ratio. Good trade.
Thomas
Thanks Thomas!
Yes 10/15 is the 10th candle on the 15 min chart. Entry was the break of the candle low and stop loss is the high of that candle. Typically I like to see a 3:1 ROI, but market is very choppy so we get what we can.
Thanks anarco. AAPL was on my watchlist today but did not notice the IB. Do you have some sort of chart alert system that alerts you when you have an IB or you scan thru your watchlist manually?
Thomas
Manually :-(
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