Friday, December 11, 2015

ADBE short

ADBE an earnings play opened up weak after a gap up. One has to wait for such trades for it to settle down before jumping in to trade in either direction. I had put a comment on twitter stating to wait for ADBE.
I shorted this stock, this is one of my plays called "FADE PLAY" strategy. I shorted it below the 1 min bars and added below the prior 5 min bar. I managed my position to the next whole number and took my profits..this is also straight from my dvd




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