What did I see? An orderly retracement with narrow range bars on decreasing volume.
Entry on the break of 6th bar high with a 17.25 limit order at 11:08am. Initial stop below 6th bar low at 17.02. After the PnL exceeded +1R, I entered a 0.50 trailing stop. Stopped out at 19.34 at 12:19pm.
Risk (R) = 0.23, 1000 shares, $250
PnL = +8.29R, $2073.70
Risk (R) = 0.23, 1000 shares, $250
PnL = +8.29R, $2073.70
1 comment:
Great trade!
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