Wednesday, August 7, 2013

TWX long

$TWX long was played purely on the daily chart. 65 was a great support area on daily. The initial dip and a small pullback gave me the opportunity to enter this trade. This is not the great pattern but the 5 min rule never broke. i.e. it never went below the 1st 5 min bar.
I entered small as I got in at 65, so had to be careful that it does not go down from that whole number, added to m position and exited on the next whole number of 66