Pharmos, 30-minute Chart
Questions:
1) Why would you be paying attention to this stock on Tuesday, September 30?
2) Is the trend up or down? Would you be looking to get long or short this stock?
3) Where would you get long/short this stock on Tuesday, September 30?
4) Where would you put the initial protective stop?
5) When would you stop trading for the day?
6) Where would you exit the position?
Answers:
1) Because it was unusually active, and very volatile.
2) Up. You'd be looking long.
3) Attempted long above the 11:00, 11:30, and 12 noon bars.
4) No fill, No stop.
5) After no fill off of noon bar.
6) No fill, No exit.
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