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We start off today looking at an example of a ‘nuts’ alert. As we look deeper, we realize there is only 15 cents of movement. This does NOT indicate any kind of ‘nuts’ action. This was not volatile by any means.
Today we look at PM on the 5 minute chart. We see the price sandwiched between two very important moving averages which helps us determine a logical place to put our stop loss. After setting up a short plan we see the first candle has a large range and blasts through just about everyone’s stops. To those who were undisciplined, they are in a world of hurt being 2 dollars above a logical stop location.