[INTRA-DAY ACTION]
College was my priority today so I didn't get to sit down till about 5pm GMT. Backfilling took ages too. Anyway the day was quite choppy, BAC and C getting slain again. The volume on these two was immense with almost about a billion going through the system in the past 2 days.
Anyway I had one trade, and it was in BAC. As I sat I noticed a basing pattern with the days low at $7 exactly which was tested 5 times on the 5min charts.
There was a significant amount of buying at this level. Anyway it started to form a wedge, and as the internals strengthened and the market started to move, it broke the wedge and I took an entry at $7.18. I covered a little later at $7.31 for +$0.13. Could have held on for double the profits but no regrets about the trade. Exit ended being alright as the sellers took control into the close of $7.15.
Didn't really watch anything else today. Most of the others ground up with chop.
Anyway I had one trade, and it was in BAC. As I sat I noticed a basing pattern with the days low at $7 exactly which was tested 5 times on the 5min charts.
There was a significant amount of buying at this level. Anyway it started to form a wedge, and as the internals strengthened and the market started to move, it broke the wedge and I took an entry at $7.18. I covered a little later at $7.31 for +$0.13. Could have held on for double the profits but no regrets about the trade. Exit ended being alright as the sellers took control into the close of $7.15.Didn't really watch anything else today. Most of the others ground up with chop.
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