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RPGL Step 2 in 7 step pattern after a FGD volume of 526.4M, small red candle. MC of 10M, Float 6.31M. It had consolidated $0.56 to $0.86. I was expecting a multiday breakout with a $0.30 upside. Was very patient with this trade entered via low of intraday reclaim. Looking for possible afternoon break-out. Volume very low throughout day, got out prior to 4pm close.

Stop loss set at $2.90 accidently stopped out while hovering over sell. Then share shot all the way to HOD $2.68. I should have got straight back in because i'd don the home work at SOPA was on watch list. Multiday breakout pattern from #2 in 7 step pattern. Entry was open range break , used 5 min candles should have got in at $3.03 waited for $3.11 another mistake. Need to trade with more conviction and back myself. Can always get out with small planned loss of $40.

Selected using SSS had little red candle step 2 with potential step 3 and range of $1.50 to $2.90. Got in slightly early as flicked to 1min candles, correct entry was $1.74 Open Range Break on 5-minute candle. Risk was wrong and bought 600 too many shares so exacerbated loss. Was tracking nicely then got red death candle shot past stop so fast, got out at $1.58. Waiting for Entry reclaim but volume low and very slow moving

THIS WAS FIRST TRUE OPENING RANGE BREAKOUT I HAVE DONE USING 5 MINUTE CANDLES, (SCOTT TAUGHT US TO USE 5 MIN CANDLES PREVIOUS DAY) VERY HAPPY WITH ENTR. NO 2 PATTERN, PLAYING NO 3 WITH THESIS THAT PRICE RANGE $1.69 TO $2.28 AS PER WATCH LIST. FINAL PRICE WAS HOD$2.41 SO NOT FAR OFF SOLD AT AVERAGE OF $2.243.
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