Wednesday, May 8, 2013

STWD - 2 patterns

Here you can see 2 patterns working beautifully.
Pattern 1 - the power of 1st 5 min bar, THis was a perfect play since it went up on the 1st 5 min bar and that was the support on daily. Perfect buy.. B1/ S1 is buy/sell on the 1st play

Pattern 2 - pullback play - here you buy above the prior 5 min high as shown and stop is shown on the 5 min chart. You protect the prior high of the day.