Here are two trades from yesterday. Both are "beyond the FE" setups, and both pulled back to test the FE as support after breaking through that level a few bars earlier. PAY was more obvious as it had support from a rising MA and formed a "hammer-type" candle (the sixth bar; I entered on a break of its high). ABX required a little more thought as it bounced perfectly off the FE, but had resistance overhead from the 8EMA. It formed a nice "cup and handle" formation and the most conservative approach was to enter when it broke out of that pattern (somewhere between bars 23 and 27). I chose a riskier entry with a break of the 15th bar's high.
I closed PAY at $39.50 and ABX at $55.00. I watched ABX closely as it formed the "cup and handle" - I would have [probably] closed it sooner if price had broke below the 8EMA.
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