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
