Trading Strategy:
Long: Home Depot (HD) *See notes below*
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HD: If my ideal entry is triggered in the first 30 minutes of a trade setup, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on a break of the highs of the day. This is in order to help avoid any market fades that initially gets me into a trade but immediately sells off on.
Trade Setups Triggered:
Long Setups: None
Short Setups: None
Setups Waiting to Trigger:
Long Setups: HD
Short Setups: None
Active Trades:
Long: FB
Short: None
Trades/Setups Removed/Closed:
NT=Never Triggered, 1/2=Half position, 1/3=Third position
Long: None
Short: None
Trading Notes:
HD: I raised the trigger price on HD to 327.01 to reflectwhere the breakout level on the inverse head and shoulders pattern is now at.
Trading Notes: I may add another trade setup if the market shows that it wants to continue building on the gains of Tuesday and Wednesday, especially if $HD doesn’t look like it will trigger. Right now, HD still looks like one of the better trade setups available.
