Hello all! I hope you all are having a blessed trading day! I just saw this Inside Bar form on the 15 minute chart. Could be a potential quick turn pick up. I am expecting the level to rise to the $52.50 area (where there appears to be a little support), prior to market open. After that, Tuesdays are usually a negative day, so expecting it to return below $52, maybe all the way to $51 again. Would be a nice round trip pick up. I entered a buy @ $52.05, set SL to $51.70. We'll see how it goes.
Trade closed: target reached
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Finally made a decent trade! Closed @ $52.50. Re-entered a Sell to Open @ $52.45. Let's see if the round trip works!
Trade closed: target reached
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Was able to finally catch a round trip. Sold short of the goal but didn’t want to sit on it overnight. Closed trade @ $52.25. A nice way to end the trading day.
so you want to take out 52.50 tehn open sell right?
Trade4God
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@jkbamkeerthi, that is correct. If all goes well. I opened a position at $52.05, so wherever that tops out at is where I will take profit and re-enter a sell as an open and hopefully ride it back down a ways before reversing. I typically do not like to do more than three trades a day.
jkbamkeerthi
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@Trade4God, looks 51 bottoming today. waiting to enter sell at 52.48 . cheers
Trade4God
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@jkbamkeerthi, Best wishes on your trade! $51 looks sweet to me!