Trade that got away 06-Nov-2006

This is 5-min chart of YM. YM started the day with a gap up and pulled back to 5-EMA. A nice dummy spot.

  • Uptrend.
  • Long above high of 4th narrow range candle, which was also supported by 5-EMA.
  • Target at Fib extension 100%. (It hit 168.1% at close)