A day after Xmas holiday (light volume) with several of the main stocks I track in daily contraction context, I wasn’t looking to be too aggressive with these stocks early in the trading session.
Instead, I focused on the scan list to track the potential hot stocks of the day.
Both $RAD and $NLNK met the Price Flow criteria for high probability price continuation and I bought both about 10 minutes after the open (Arrow at entry).
Approximately 10 minutes later I was able to scale out to set up no risk trades for both stocks (Buy @3.13 and Sell @3.50, Buy @17.80 and Sell @18.20, Arrow 2) as I watched up trending price action unfold for the remaining shares.
The Price Flow approach is price action based and works on all stocks. When you identify strong context (ie. Hot stocks of the day, breakouts, trend continuation, etc) the setups for the approach produce trades that offer high probability for immediate continuation to set up no risk trades.