Wednesday, April 04, 2007


It took a while to jump on board this one. But the narrow bars leading up to the break & close above the opening bar's close encouraged me. The 13th bar was the narrowest of the session up to that point, so I waited to see what would happen on bar 14. A really tight stop allowed for a bigger R multiple too.

This one had a couple of tells. The 6th bars long upper shadow and breaking/closing above the opening range, and the confirmation that followed the NR7. I was about ready to jump ship after the hanging man on the 17th bar. This was another trade with a very tight stop.

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