Reallifetrading
Short

Textbook example of a fade day trade

NYSE:HPE   HEWLETT PACKARD ENTERPRISE CO
73 1 1
*I did not take this trade, but would have*

"4 white candles in a row, very "blue chip" type of stock gapping up large into a resistance. Easiest FADE of all time.

Fade is trading this gap bearish , even though it opened up bullish . Why a fade? Why selling? Because everyone who sold there before made money (so they will do it again) and everyone who bought the last few days is selling to lock in a gain. "

For the swing, I'm looking for the gap to fill a bit more. On the day trade though, edge was bearish for sure. "past candles are just future money" Dean Chance
Learn the past. Solid fade!
G13Man
7 months ago
I to also noticed the tag of the top ..
Was wondering if this " IPO " was ready to go or not
+1 Reply
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