Mayhem
I found ALL after the market opened while doing my 9:45 wide range bar scan. ALL did not qualify to go on my 9:45 list but it did qualify for my Tier III gap list and I soon found my entry at 9:50 am reversal time on the 5 minute chart. I entered with just 1 lot of 100 shares looking to add on the 2nd setup. ALL took off for one 5 minute bar before rolling over and going sideways until 12:00 noon when price just rocketed upward to my long target of .45 cents where I had an offer to sell my one lot. Sometimes they just go without giving you a chance to add on the play, so I decided to sit back and wait for the next 15 minute buy that triggers. At 1:45 pm near the end of lunch time ALL triggered a 15 minute buy where I entered with a full share size. It did not take long as ALL rocketed upward taking out my first target at the prior high @ .82 and my 2nd target @ .98. I held on for a 3rd target of 52.25 but had to settle for .12 cents for my last 3rd. A nice trade on this tough trading day where I ended down 1 risk unit for the day. I’m about a break even on the week, I’m going to pull out all of my stops tomorrow and see if we can’t end the week with some $$$$$$$$$$$$$$$.
ALL 02062014