Monday, May 13, 2013

BBBY short

This one cannot be played at open since the gap was not good enough to mark it on the charts. But this gave a very good opportunity on pullback. Another reason not to play this at open is because the 1st bar was a green bar and normally you would like it to play long , but this went down below that 1st 5 min bar quickly and came back, did not take the high of the 1st 5 min bar and gave a good opportunity to short it. See the charts for entry/exits