Blog Posts Tagged with Mike's Notes

CLCD: Another Range Expansion-Contraction-Expansion Trade

As another example of how I'm using this SwingTradeBot to find and track good trades, here's one I closed out today: CLCD.

I posted CLCD to my chart notes  the night of September 8th after I noticed it on my Calm After Storm scan.  (See my blog post about the Calm After Storm scan for my reasoning for creating that scan.)  This is a textbook example of the kind of chart I wanted to find when I dreamed up that scan.  CLCD made a huge move on the 6th, pulled back on the 7th and on the 8th started showing signs of stabilizing/consolidating. That's what triggered the Calm After Storm.