Posted by Tom C.
I jumped the gun a little on RS. I usually wait for a break of the ORH, but the hammer that formed the signal bar was too compelling. Since the entry was premature, the trade carried more risk than usual - but it worked out perfectly.
RS gapped up and made one attempt to break the OR high and failed (7th bar). It pulled back and formed a textbook hammer at support from a rising 8EMA. I entered on a break of that bar's high, and closed the position at the FE.
MOS was another good trade today.
On another note, I was reading StockBee's blog and he had a great post; it is a story I have heard before, but it is worth reading again. Check it out here.
A Simple Mistake Traders Make
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