My big disappointment today was my two stop outs in PEP which I found on my gap list this morning as a Tier III gap. I waited for the 15 minute buy to trigger and price just floundered before stopping me out. I thought I could have been early on the play so when PEP triggered a 2nd time I was in again long. Some traders would not replay unless a time frame above such as the 30 minute chart would trigger, I think I’ll make this a permanent part of my trading plan because this would have kept me from taking a 2nd failed attempt at this buy setup. This failed play in PEP might keep me from a profitable day… We will see…
pep02142013