The market gaped up big time this morning leaving Friday’s high behind and establishing a new 5 minute uptrend. Basically a gap and go day if played you should have had a home run early this morning. My play was in XOM long which gaped up with the market clearing 3 days of consolidation with room to move above. I had two add and reduce areas which greatly enhanced my profit on the play. To be honest, my management was perfect, textbook! This was a feel good trade for me, it takes work to get to this point, but the satisfaction you feel is awesome! A trader calls it “Silent Applause”. Here is the chart on my play in XOM…
xom