Day Trade - Toyota MTR CP ADS (Public, NYSE: TM)

Following the HCPG Blog and sampling a couple of their subscriber service emails has made me focus more on trading S/R at key MAs. If you trust the setup on the daily sufficiently to enter at a price extension/extreme (but at S/R where a reversal/pause is likely), you can sometimes get amazing entries. Today for example I had a great entry on TM (daily left, 5min right) off of the 200 day SMA. The nice thing about a good first entry is that it gives you confidence to reposition or add on the first retrace.

Edit: For the order fill highlighted, I intended to highlight my initial short fill (avg near 80.50) but instead highlighted the closing of a partial long position carried overnight. The previous day's long was initiated following a gap up and triangular consolidation breakout. It ran into stiff resistance at the 200 day SMA. That is how I knew that price level was in play.