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clock Created with Sketch. 18/04/17
17:04
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Originally posted by Trial99
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For me today's FMG trade was a ST bounce trade buying off support at $5.20. FMG has been sold down heavily from $7.20 recently along with IO stocks generally and Dalian exhibited some ST support also. My expectation was a retraction back to $5.50 over the next couple of days.
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Fair enough. I guess it comes down to intention, if it was to always trade in and out on the intra day - then day trading surely - versus an intra day confirmation of failure of pattern/your rules resulting in a same day exit.
