My play of the day came in KLAC which formed a beautiful 9:45 am wide range bar. Just as the market was heading into lunch @ 11:15 am reversal time KLAC triggered a beautiful 15 minute buy that I entered in with a small share size. Price action moved like textbook and soon triggered a 2nd buy @ 12:45 pm where I added to my play and went to a full share size. My targets were hit rather quickly @ .44, .50 and my last target was .73 but I trailed out of the play after a topping tail bar had formed @ .63. The market has been up 5 days in a row and is certainly overdue for a pull back, thus I'm finding it harder to stay in my long plays until the targets are reached. Here is the 15 minute chart for my play in KLAC...
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By TraderHank
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