Wednesday, November 11, 2015

ADT Long

Another earnings play that paid of quickly. This is a gap up play that started with a weak bar down. The reversal happened in the next 5 minute and the low of the 1st 5 min bar was never broken. I entered a small size on the reversal green bar and then waited to add to my position. I added as soon as it went above the 1st 5 minute bar and exited close to 35.5 area. Excellent play straight out of my strategy ..



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