My play of the day on Monday 7/21 was in TGT which I found while doing my 9:45 am wide range bar scans. TGT sold off hard into lunch time putting in 7 red bars on the 15 minute chart. A textbook climatic type sell off which could be played long for a Pristine trained trader. As price put in a classic W pattern on the 5 minute chart just as lunch was ending I found myself taking a base breakout type entry long, full share size. I just about got .10 cents out of the play but I was wiggled out of a few shares before. 10 cents does not sound like a lot, but when you are trading against the trend, you best to leave the party early! A Nice full R profit on the play on a day that had few trading opportunities.
2 Responses to CBS in TGT leads to some nice profits for TraderHank