Wednesday, May 8, 2013

MCK same pattern

Same pattern like EA, this is what I am talking about.. Now the stock is going up again as I write this blog. Check out this pattern and always play it.. same on the short side as well.

When you have a strong 1st 5 min bar , you get 2 bar pullback or consolidation, play on the high of prior 5 min bar. See the difference in this play.. you will not enter on any 5 min bar, you will enter on the high of the prior 5 min bar and add to the position as it goes in your favor..
stop is below the prior 5 min bar.