KLAC got the job done for TraderHank

Share Button

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...   

klac 02112014
klac 02112014
This entry was posted in 9:45 Wide Range Bar Plays. Bookmark the permalink.