Reallifetrading
Long

ODP Day Trade (Brad Reed Dec11,2014)

NASDAQ:ODP   OFFICE DEPOT INC
ODP             - Expect open at 7.37 for a retest gap. To learn to trade this strategy for free go to http://www.RealLifeTrading.com
Thanks for helping us Enrich Lives!
Hi Brad!

How much concern does the 7.80-ish resistance give you? It's supply back from 2009 and 2011. There is ~$.40 to run if I treat it as strong S&R, but it makes the RR not very good. This is Zane Whitener from class btw. Thx!

Entry 7.60
Targets 8.24, 8.45 (2R), 8.95
Stop 7.16 (below wick)
Reply
Inzan1ty Inzan1ty
7.46 looks like the better entry looking at the 15m and EMAs. That tighter entry really fixed my trade setup and RR.
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YEp. This was a good retest. DId you play it?
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