BA Long at 12:53 am EST On June 1st, 2017
The day trade of the week was Boeing Co (NYSE: BA), which had a 3-lane setup on the 1, 5, and 15-minute charts. However, more importantly, is the strong convergence on the wider time-frames showing continued strength and large potential to continue. Initially, I was looking for a reversal but since that failed and showed continued strength to the upside, I decided to take the opposite move. It Began with the 5-minute 15ma trail stop which allowed us to catch all our targets. We even sold at a perfect place for our last shares, since we located the Bollinger band hook on the 5-minute chart. This trade was a 2R trade for the 1st of June.