Day Trade 1 - MAS

I got MAS from the BOB set-up filter. That filter is very prolific in finding only a few trades a day to watch. That's the best thing about it. There were about 10 yesterday afternoon and I winnowed those down to about 6. Among these were MAS, TAM, and SIRF. I'll do three posts - one for each of these stocks.

MAS fired out this morning and immediately rang the RSI(2) < 2 bell. But I didn't like the looks of the market and wanted to wait till after Con Con to take any trades. Con Con came at 10 and suggested that it was going to be a tough day in the old market but at 10:45 with a persistent RSI(2) < 2 signal and now a BOB I took the trade. It went up and went down and my stop loss was at the low of the 5th candle (10:30) at 27.40. It nearly hit it but drew another BOB along with a tweezer bottom at 12:30 and so I doubled up. I stayed with it until the dummy spot at 15:00.


You can see that it was beyond the pivot point at that time, had spiked volume two periods before and I felt that it was time to pull the pin. I was in at 27.50 2X and out at 27.78. 56 cent gain based on the fact that I was in twice.