Posted by Tom C.
I am getting ready for vacation in February...I will be gone most of the month on 2 separate trips. I will try to finish this week off with a few posts (edit - didn't happen, sorry!), and then hopefully resume in March.
I am posting the chart of BJS because it was a classic setup, albeit slightly higher risk as the entry was below the opening range high (ORH). It also drives home the point I have been making since 2009 - watch those whole numbers. BJS reversed at $22, which was just above the FE.
edit - I entered on a break of the 4th bar's high, and sold just under $22 after price broke through the FE.
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