Monday, January 5, 2009

Monday trade - AAPL

This was a good setup that just didn't work out. I did feel like the overall market was short term overbought at the time, but a couple narrow range bars with volume contraction at the top of the ORH is too good to pass up. I was looking at trading ACI from 19 to 20 (looked very good on the daily charts), but it didn't set up properly.

Setup:70

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