Trade, Tuesday 2nd April 2019

Here’s a trade on DAL:

You have to love it when a setup combines with a pattern like a triangle. Extra confirmation is always a bonus and gives you more confidence to go into the trade. Naturally we always want more than one signal anyway (usuaully the chart setup and the tape), but seeing extra confirmation on the chart is nice to have.

In this case it meant being able to take the entry a little earlier than normal, adding a few cents to the bottom line. A few cents might not sound like much, but when your finger is hovering over the exit button ready to hit it if the thing goes just a few cents against you, it can be the difference between the trade working out or not.

Obviously this one did work out, making $600 in about fifteen minutes. The exit was when momentum evaporated and the price started heading south.