Thesis on this would be a spike into the close â this one was hanging around highs and when this busted through the the .095ish area with volume I took a piece of this one. Risk was set at .092 (prev intraday resistance area) 2 to 1 risk to reward win on this one but This one did end up going a bit higher offering a 3 to 1 setup. Happy with this trade but no way I would have even considered holding O/N.
FGD move into close â this has a history of one day spikes and I saw on the daily chart all the resistance in the .01 area so I took this at a volume perk over .009 (intraday resistance) so thesis was this would run into the .01 area and hit a wall. Cut this one on the second push back to .01ish area into strength. Risk was set at .0088 so 3 to 1 risk/reward setup here.
Took a stab at this one, higher lows and higher highs through the perk towards HOD â Cut when it pulled pretty hard. Not a bad trade as this did bust through to new highs. It is a FGD and a breakout so I think it was actually a great setup. Falling apart now though as I continue to type... Small loss on this.
Took a swing on this one and it fell apart but I figured it would bounce (broken rule) with upcoming court case with George Sharp, it was not moving up with the upcoming result so I held onto it. No gap yesterday but news came last night after hours. Opened strong and sold into strength. Tried to hold through first pull back with 25% position left but it didnât reclaim so I cut it. Solid win here.
Took a stab at this morning spike that pulled back. Thesis was there where higher lows and higher high on the dip with volume coming in so was looking for HOD break. Got a nice push over and I sold into strength. Sold a bit too soon but holding a bit longer through the break is becoming a little more comfortable with each trade I make.
Took a stab at this big percent gainer into the close as it bounced off support of .0222ish (key breakout level on daily chart) and made higher lows and got some volume. Key area to watch was .028 for another leg up but we didnât get there so when this started setting lower highs I cut this.
Bought the afternoon breakout on this one looking for a move higher into the close. Former Runner with some decent PR coming recently. This had a lot of selling resistance each leg up so I decided to cut this one and protect the small gains I had on it. Not a bad little trade but the upside on this one was much higher than where I traded.
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