Aug 27 - TRV (NR7)

TRV has a quite compelling daily chart, and that is why I kept it in my radar fort the last few days.

Today I was compelled to take the trade for the following reasons:
1. TRV held up quite well during the first part of the session while the rest of the market was selling off.
2. Once the sellers release the pressure, TRV made a decisive move above the $49 line which has been forming a base for the past few days.
3. After taking $49 (also the PDH), TRV paused and printed a series of IBs against the upsloping 5 EMA. The trigger bars was a NR7, but I used the previous day high as my trigger (plus a few cents) and the PDH as my stop loss.
My exit was a the R2 line.

Aug 24 - SHLD (C&H)

SHLD gaped down big 3 days ago and since that time I kept it on my focus list to see what it would do. Today the stock gaped down again but this time with some clear bullish action. This is a nice C&H pattern (but also could be read as a nr7 contraction sectup). Either way, there is an orderly bullish action a very shallow pause with volume contraction and then a 100% extension.
Most of my trades these days are in the direction of the major trend so it was a bit hard having the 5EMA and PDL as potential resistance points, but SHLD did not have any trouble penetrating those areas.