There were some nice pullbacks today. WYNN was the best trade for me.
I entered on a break of the tenth bar's high. The tenth bar was a narrow-range, inside bar that formed on the halfway point between the OR high and the 50% retracement. There are some who might have entered on a break of the fourth bar high - I didn't for two reasons...the first two bars were very wide-range and price needed to work off that move (ie, pullback or move sideways for several bars); the second reason was that I prefer the setup to form on support - in this case, the halfway point (where my entry actually was).
I exited at the FE...note how price reversed exactly at that point. Sometimes trades are perfect.
AVAV gapped down and made a textbook "push through" setup. The first and second bars rallied and closed green. The third bar formed in the tail of the second and at support from the halfway point between the OR high and the 50% retracement. I exited at the FE.
I usually hold half of my position on setups like this, and AVAV would have been perfect as it continued to rally and gave a nice exit signal on the eighth bar. But I had too much going on, and did not have the bandwidth to focus on it (no complaints - it was still a good trade!).
Trading 27-April-2016 (+ $66)
22 hours ago