Reallifetrading
Short

Textbook example of a fade day trade

NYSE:HPE   HEWLETT PACKARD ENTERPRISE COMPANY
74 1 1
*I did not take this trade, but would have*

"4 white candles in a row, very "blue chip" type of stock gapping up large into a resistance. Easiest FADE of all time.

Fade is trading this gap bearish , even though it opened up bullish . Why a fade? Why selling? Because everyone who sold there before made money (so they will do it again) and everyone who bought the last few days is selling to lock in a gain. "

For the swing, I'm looking for the gap to fill a bit more. On the day trade though, edge was bearish for sure. "past candles are just future money" Dean Chance
Learn the past. Solid fade!
Thanks for helping us Enrich Lives!
I to also noticed the tag of the top ..
Was wondering if this " IPO " was ready to go or not
+1 Antworten
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