Today was one of those day’s that everything went right with my trading, when this happens you feel invincible. My trade in PCAR got the day off right as I found the stock while doing my 9:45 am wide range bar scan. On Friday PCAR had a huge gap up and then was sold off hard filling the gap, so it was no surprise to me that PCAR broke out again today as price put in a beautiful 9:45 am wide range bar. The reason Friday’s price action was significant is that all of the sellers had sold so the bulls had nothing to worry about going back up. Price went back up so fast I thought It may not pull back to give me an entry, but soon at 10 am reversal time, PCAR triggered a beautiful 2 minute buy setup which I bought using a full share size. Price grinded it’s way up allowing me to take multiple targets @ 64.24, .34 and .49. I held for a longer target and sold my final shares as we were heading into lunch time at 65.21. Just a great day of trading today and maybe we can have a strong finish as we are in the last week of February 2014…
PCAR 02242014