Wednesday, March 31, 2010

Don't Fade Incomplete Bar

I attempted to fade this tall bar, but it wasn't complete. It's a 5m breakout of a base that doesn't have internals supporting it at the end of the day.

I got stopped and then decided to try it again.

See next post for the much better timed trade.

This was too low odds, but I did keep a very tight stop, but over all a mistake.

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