The example here is DISH. The 1st 5 minute bar is big and starts as a gap down but quickly moves up to go higher than the prior day close. Then the next 4 bars are all "inside bars" meaning that they are within the 1st big bars boundaries. These are the ones that you need to be careful about as your trade will not go anywhere and you should avoid them at any costs!!
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I teach my day trading strategies and call out my trades on a real time basis on twitter and stocktwits.
I teach my day trading strategies and call out my trades on a real time basis on twitter and stocktwits.
I teach my strategy and provide coaching to my fellow traders. I also have my on-line trading school and have authored my own DVD.
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