Thursday, December 2, 2010

Opening Range

Here at the The Opening Range we are always looking for low risk high reward.  I wanted to highlight HPQ, and it's tight opening range coupled by a an overlapping shadow pivot from the month before.

These situations almost always result in a big move.  The question before you make a trade is always 'Where do I get out?'

41.98 is my stop, the odds of this going up though are very very strong in my opinion.  If this breaks and holds above 43.25 I am without a doubt adding to my initiated position.  (remember always add if trade shows you an initial profit and by all means never average lower)

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