A red day all around:
S&P 500, -4.56%
Go figure that two of my best trades were on the long side. Both were variations of the "push through" setup.
AU gapped up and printed a wide-range first bar. The second and third bars narrowed in range and pulled back to the halfway point between the morning's high and the 50% retracement. The third bar formed a cross between a hammer and doji-type candle. All three bars closed green and above the halfway level (white dashed line).
I entered on a break of the third bar high and exited half the position at the FE. I held the other half and exited just before 1:00EST as it appeared price was rolling over.
SMG was a nice three bar pattern - it gapped down, and printed three strong bars, with the third closing just below the morning's high. I entered on a break of the third bar high, and exited half the position at the FE. I was holding the other half for the S2 Pivot Line (yellow line) - but price was stubborn and just missed that level. I exited the other half on a break of the ninth bar's low.
Trading 27-April-2016 (+ $66)
22 hours ago