TraderHank’s play in SLB

Share Button

My next play was in SLB which I found on my gap down list this morning.  Not a great gap, but good enough to break the uptrend on the hourly chart.  My entry was the first 15 minute sell setup as the market rolled over and started it’s hard sell off.  SLB started lower but then the next 15 minute bar got bully and price never sold off as the market was.  After price engulfed my first profitable red bar I killed my trade with a small loss.  I had two other trades that were working properly, no sense on taking a full stop here!  Work or you get fired!  Here is my chart on my play in SLB….

SLB
SLB
This entry was posted in Gap plays. Bookmark the permalink.