DLTR, APOL, PTR
Click on the chart for an overview
DLTR gapped up out of a daily consolidation. After a two wave correction during the day I spotted it when it showed the beginning of a 1 min bull flag. I was impatient in entering and cheated on target. There was only 30 minutes of the trading day left and the market showed some weakness
APOL had a nice 2 wave correction on the 1 min chart. I was a bit late and did not get the best entry.This one just failed to hit target and I got taken out on the trailing stop. Result 0.5R
click the chart for a complete view
PTR gapped up, was strong all day and during lunch showed a bit of a pace change in the range. I entered long when it broke the most recent swing in the range. Altough this one did hit target, I did not get a fill and was stopped out on the trailing stop.
Result: + 0.5R.
It was quite a difficult day with the market gapping down, rallying, breaking down and in the end rallying to the highs of the day. Still, it was an inside day in the in the QQQQ, and though the SPY and DIA broke previous days highs, it proved to be too much resistance to break with conviction. Todays result, 2R, is nothing to write home about but at least it was positive!
Discussion Area - Leave a Comment