Strong stock with a nice 1 min base
- Source: $ gainers list
- Nice breakout after a 60 min consolidation period
- Daily was extended, so was higher risk, but the intraday chart was so nice, I took the trade anyway
- Entry @102.06, SL 101.40
- Target1 @ 103.45
- Exit rest just before round number resistance (105) at 104.87
- Usually I do not exit the second half before the trailing stop is hit, but 105 seemed strong resistance to me.
- I was scanning like crazy but could not find any other nice long setups. This made me expect a larger intraday correction, so I was not to eager to take any new setups after this trade.
- The expected larger intraday correction took off just after 1400 hours when the 5 min avalanche broke.
- No other trades today
