My next play was a 5 minute buy in CTSH as the 15 minute was triggering as well, it’s great when you have both time frames together, that way you have agreement with traders from both time frames and you odds go up dramatically that your trade will succeed. Price action easily rose and took out the morning high where I sold 1/2 of my shares. Price action 4 bars later put in a bottoming tail and I added to my position and reduced my stop accordingly. Again price action did not disappoint taking out the new high set on the last higher pivot. For the 3rd time price pulled back just above my last entry where I added shares back and reduced my stop to break even. Well, CTSH almost broke out then price action shook out several times before I realized that we were headed lower. I took my final shares off with a small gain on the last half of my shares. A really nice text book play for me with a total of 3 “R”isk units made. Here is my chart for my play in CTSH…
CTSH