My play of the day came in VLO which I found while doing my 9:45 am wide range bar scan. My entry came right at 10:30 am reversal time as price triggered a 15 minute buy. I entered the play with a partial share size since the entry bars were not the narrow range bars that make the PBS potent. Price action took off and soon put in a two bar pull back that I declined to get full on my play in VLO. I finally got the PBS I was looking for @ 1:30 pm reversal time where I got full on my play. My first target was hit without much pain @ 55.16 where I sold 1/3rd. I soon found myself tailing out the rest of my shares @ .19 as the market looked like it was starting to roll over as lunch time was ending. Price action in VLO remained strong but I really did not leave much on the table as the high for the day in VLO was .32.
VLO 03122014