I slept in today since last night we went to see Ben Hur at the theater. We'd never seen it all the way through. I thought it was a 2 hour movie, turns out it was almost 4 hours. Got home at 11:30 last night, in bed by midnight which means I got shorted 3 hours of sleep for this mornings trading session. So I slept in.
Got to the charts just after inventory and the chart tell the rest of the story. Tiny risk so able to size up a bit on the entry. I think it was great location on a "normal" day but the buyers kept coming in and pushing the price up....I moved to BE at one point but that is not part of my overall trade management plan so I took the stop.
One and done as there was no good long entry location available after the inventory spike.