My next play I found on my gap list in MS, not a shock gap but price did manage to break major resistance and could be played long with the right setup. MS pulled back hard into support setting up a possible buy which I was not really interested in at first until price hung out an extra 5 minutes putting in a red small narrow range bar called a spinner. Once price moved above I felt that the odds were good enough to enter the play long which I did. Price moved up rather nicely at first then price put in a nice pivot area on the 1 minute chart that allowed me to move up my stop to just cents shy of my break even on the trade. Price then moved on up to new highs then pulled in again setting a new higher low which price bounced from this area twice, so again I moved up my price to just below this area. MS continued higher for 1 more bar but could not clear the last higher high and price came tumbling on down taking out my stop. A slight loss on the play that was disappointing because the risk to reward was excellent…
