TraderHank’s short in XOM

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XOM had a beautiful 9:45 wide range bar to the downside which made my possible list for a play sometime mid morning or afternoon.  Soon, XOM setup beautifully triggering a 5 minute sell with the market and price headed lower nicely.  Price based for a while at the 85.07 area and finally broke down to the .02-03 area so I moved my stop down to .08 which locked in a 1 R profit.  As the market started to rally making a higher low, XOM finally stopped, taking out my lower stop area ending the play with a 1 risk unit of profit.  I'm up about 2 R's for the day, hopefully something will setup after lunch...

xom02112013
xom02112013
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