Here’s When Intent Meets Edge
Well-defined entries don’t necessarily
have to be “textbook” trades in order to pull the trigger. If the
“intent”
of the trade is there, and my risk vs. reward can be qualified within what I
see to be a trade with edge, then it’s time to take action.
10:08:09
Intraday
Setup Alert
Electronic Arts (ERTS)
is forming a ‘hybrid’ Net Plus Pullback / TrapDoor. This early pattern is
setting up as a combination of these two Opening
Reversal strategies. With the stock now up only .25 at 62, reversal triggers
to go long might be considered above the 5-Minute pattern pivot of 62.22.
I put up this alert, and tried to label it as
best as possible. You may disagree, and want to call it something else, but
bottom line this video game software maker definitely “got game'”!