MAT - Gap Down Grind Lower off 30 min.

April 21, 2017

Today MAT had earnings and a good size gap down that sold early from the open.  Being patience and waiting for a secondary entry is my specialty.  If you follow this blog you know I am a big fan of the 15 & 30 min charts.  I look for an entry bar and set my entry and off it goes.  MAT gave a great 30 min entry short at 22.36 with a stop at 22.50 and I was looking for more downside action which we got into the close where I covered at 21.80.  I risked .14 and made .56 that's four times my risk amount.  Great trade.  I hope your learning from my posts that's the reason I sure how I trade.  Have a great weekend and see you on Monday.   Gap Edge Trading 



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