I had a good day in the markets today (+9.3R). The market opened lackadaisically, so my gap list was reasonable to start out with. I started off trading a breakout play in FRPT for 6R. I’m still using a smaller size on these breakout plays, so this wasn’t a huge trade in terms of dollars.
The next trade was a nice inverted hammer off the OR low in NYX. I closed half at the fib extension and the remainder was stopped out at 87.70 or so just before 1PM. Here’s a chart:
The last trade was HANS which I took for a 1R loss. I traded it against the 6th candle on the 30 minute chart. This one didn’t trigger until two candles later, which should have been a warning sign. I hadn’t taken a play like that in some time. I’ll have to look through my charts and see if a play like this has ever worked out for me. Here’s the chart: