Trading Notes: September 9th

Many of our trading ideas from last night’s Daily Trader report gapped up. As is our policy,. we do not chase gaps if they are more than 1.00% away from previous close. Instead, we wait for the ORB (Opening Range Bar – first 30-minutes trading candle) to complete and the enter based upon its break out or break down.

  • TEDU (long) gapped up 1.1%.¬†Adjust entry to 15.95
  • MDVN (long) gapped up 2.3%. Modify entry to 95.03, stop to 91.81 and target to 96.95
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