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Showing results for tags '5-min'.
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Hey guys. I was reviewing some of my trades in my journal from today, and wondering if you guys think my selection was good for this 5-min ORB. Here is the 1-min and 5-min charts. On the open, AAPL had strong volume to the upside. It pulled back to below the VWAP, then had a strong bullish candle on the 6-th candle. I bought in as soon as it closed above the VWAP. My stop loss was the loss of the VWAP with my first partial target at the 200 MA touching the high of the day. Pre-market, AAPL opened lower. I know an A+ setup would be if AAPL was gapping upwards, it opened around the VWAP and moved higher, pulled back but did not lose the VWAP, then I could enter. Because the pullback broke the VWAP before moving higher, does this make my entry here bad?
