GILD Trade on Feb 7, 2020 09:34 from mkingsbury: Tradervue User Stock Trades.

So there isn't "news" out on GILD specifically but we know they have been testing coronavirus cures and that seems to have potential. So in PM we were neutral until getting closer to the it started to gain some strength. The first 1m candle we held a daily level and I tried to enter long but my hot key failed. Then I did my best to stay calm about it and wait for another entry where I got in the form of an ORBU(my rendition of an ORB).

So we retraced into PM high, VWAP and a whole number at 70, which is something I always look for in these trade, numerous variables to support my idea. We fell below but for just a second was immediately bought up and from then on 70 held, once I saw that I didn't wait for confirmation I entered immediately, risking .6R, little less since it was right at the open. Overhead resistance was 70.5, which was my first partial and we then flew thru it and created another 3 bar play on the 1m off the previous resistance at 70.5, so I add a position with that add being the low of that 1m candle, the rest being at b/e, at this point the trade was free as long as I respected my planned stops.

I then took two more patials around 71, one with strength then again once it started to slow up to lighten some of position. In hindsight I should've take a little more since it was so early and prices can be so volatile.

End result being +1.8R on .6R risk.