The Art of the Chart

breakout to high (not really my favorite, but I thought this one was worth a try

good flush move on the 5 min chart into the rising sma 20/5

second test of resistance was followed by a weaker downmove

second bounce in range on the rising sma 20/5 could have been a better entry (smaller risk and better reward)

I missed that optimal entry

closed half after equal move had been hit

trailed the rest below sma 20/5 pivots

closed other half 5 minutes before the close

risk: 17 ct reward: 34 and 47 ct

rw/r  40,5/17=2.38 R

RIMM

Was on list because of strong performance last days

Bounced off previous low after a steep sell off from the open

During the morning pace had turned more positive

When I spotted it it was building the handle of the shallow cup

Since it had a good daily I thought it might go to equal move or sma 200/5m depending on momentum

Had a nice 5 min flush hammer in the handle

Entered after the break of the trendline

Missed the order at first but price came back to my entry level (I did not want to chase it because of the resistance being so relatively close)

Closed half at the sma 200/5 (slightly beyong equal move, but pace was soo good by now I was willing to take the risk)

Set the stop to breakeven on the rest.

Closed remaining 5 minutes before the close

Daily looks not bad, could have held on to a few