JPM gapped up slicing the PDH at $30 (round number and an important PP). It consolidated for a few bars at the ORH and pulled back just to touch the $30 line printing a perfect doji reversal bar (trigger bar). I sold at the first sign of weakness because of the way the market behaves during the holidays. A more reasonable strategy would have been to allow price to retest the ORH.
JPM was trapped between $30.60 and $30.25 most of the day and went it finally broke, it provided a nice entry. Sold at $31.00
3 comments:
Nice job of taking solid setups today.
Hope you had a good holiday and Happy New Year!
-AT
Thanks AT!
I did not thing I would put any real trades today, but these ones were too good to resist :-)
Happy New Year!
anarco
For your BP trade, have a look at Jamie's (WSW) response to my question on his RIMM trade on December 19th.
I asked him why he did not enter on a break of the 9th bar.
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