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Stock: PCL 5 minute chart
Entry Bar: 13
Entry Green Line: 49.11
Stop Red Line: 48.89
Result: .40 to 1.80 about a 9R trade!!
Setup Grade: B
Notes: Scale out and let it run all day, 3 tight NR bars and then it broke out. A little under the OR breakout point but the support from the 5 EMA and 3 tight bars (dynamite bars) made it worth the risk.
Entry Green Line: 49.11
Stop Red Line: 48.89
Result: .40 to 1.80 about a 9R trade!!
Setup Grade: B
Notes: Scale out and let it run all day, 3 tight NR bars and then it broke out. A little under the OR breakout point but the support from the 5 EMA and 3 tight bars (dynamite bars) made it worth the risk.
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Trade 2 - 123 Pullback 15 minute chart
Here is a losing Trade that didnt work out -
Nice pullback to 5EMA and 15 outside range high
Stopped out, didnt quite reach the point in which I would pull up my stop - ended up being a winner latter on. Always stick with your stop. Entered high of 7 bar with stop below.
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