Reallifetrading

Textbook example of a fade day trade

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NYSE:HPE   Hewlett Packard Enterprise Company
*I did not take this trade, but would have*

"4 white candles in a row, very "blue chip" type of stock gapping up large into a resistance. Easiest FADE of all time.

Fade is trading this gap bearish, even though it opened up bullish. Why a fade? Why selling? Because everyone who sold there before made money (so they will do it again) and everyone who bought the last few days is selling to lock in a gain. "

For the swing, I'm looking for the gap to fill a bit more. On the day trade though, edge was bearish for sure. "past candles are just future money" Dean Chance
Learn the past. Solid fade!

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