One That Got Away: IBN

A useful tool for improving trading is to analyze trades that you did not take. IBN has been on my radar for since the April breakout. I did not trade it because the volume pattern was not to my liking.

However, the risk ratios have been good through out that time period. Price has been near support and provided classic entries, the latest being the recent consolidation pre-breakout. Lately I've been lossening my volume requirements when I get favorable risk ratios (usually above 3:1). Obviously IBN would have been an ideal candidate for my new stategy.