Another OMG play in FSLR

Share Button

At the open today everything on my list was at least 3-5 bars down already on the hourly chart.  My method say's I need a pull back before I can get short.  Well I knew from the start that I would be sitting and watching.  By about 1:30 pm the market hit its area of minor support (mS) and so did FSLR which I found had nice relative weakness Vs. the market.  Once the hourly chart triggered the hourly sell, I zoomed down to the 5 minute chart to perfect my entry just as price started to break down.  A better entry may have been to wait for the pull back, but when things are right, you can be sloppy on the entry and the play will still go in the direction intended.  Well, the rest is history, I had to adds and reduce areas on the play, two of my 3 major targets hit.  Overall, another textbook play for my meetup group to analyse here in Las Vegas.

FSLR 10132013
FSLR 10132013
This entry was posted in Daily plays and tagged , . Bookmark the permalink.