{"id":9784,"date":"2011-02-09T14:58:32","date_gmt":"2011-02-09T19:58:32","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=9784"},"modified":"2011-02-09T14:58:32","modified_gmt":"2011-02-09T19:58:32","slug":"an-opening-dive-a-pullback-and-a-breakout-rl","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/an-opening-dive-a-pullback-and-a-breakout-rl","title":{"rendered":"An Opening Dive, a Pullback and a Breakout (RL)"},"content":{"rendered":"<p style=\"text-align: left;\">We had excellent news from RL this AM:<br \/>\n<a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/02\/RL-news1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-9787\" title=\"RL news\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/02\/RL-news1.png\" alt=\"\" width=\"558\" height=\"61\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/02\/RL-news1.png 698w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/02\/RL-news1-300x32.png 300w\" sizes=\"auto, (max-width: 558px) 100vw, 558px\" \/><\/a><br \/>\nHere are some trades you might consider making your own:<\/p>\n<p>1) Opening Drive.  If RL doesn&#8217;t tick down on the open and their is protection on the bid, then pay the offer and play the momentum.<\/p>\n<p>2) The Pullback.  So you missed the opening drive and still want in with this RL.  Buy the pullback from 124 into the 123.60 area.  The result would have been a loss with a stop out as RL found 123.  This is still an excellent trading set up.<\/p>\n<p>3) Breakout.  Buy RL as it breaks above 124 and play the momentum.  As RL holds above 124 hold and add a Trade2Hold lot.  This would have been a chop!<\/p>\n<p>After the open I asked our Trainees to consider if there was anything from just the news that made RL so strong today.  As we look at our charts and consider the tape is there something from the news we should highlight and remember for a similar set up?<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/02\/RL-Trades1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-9788\" title=\"RL Trades\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/02\/RL-Trades1.png\" alt=\"\" width=\"478\" height=\"406\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/02\/RL-Trades1.png 598w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/02\/RL-Trades1-300x254.png 300w\" sizes=\"auto, (max-width: 478px) 100vw, 478px\" \/><\/a><\/p>\n<p>Mike Bellafiore<br \/>\nAuthor, <a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=cm_cr_pr_product_top\">One Good Trade<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We had excellent news from RL this AM: Here are some trades you might consider making your own: 1) Opening Drive. If RL doesn&#8217;t tick down on the open and their is protection on the bid, then pay the offer and play the momentum. 2) The Pullback. So you missed the opening drive and still want in with this RL. &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/an-opening-dive-a-pullback-and-a-breakout-rl\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,10],"tags":[1377,1606,1607,1412,1605,81,1193,653,1354,1349],"class_list":["post-9784","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-mike-bellafiore-bellas-blogs","tag-l","tag-momentum-trade","tag-opening-drive-trade","tag-pullback","tag-rl","tag-smb-training","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>An Opening Dive, a Pullback and a Breakout (RL) | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/an-opening-dive-a-pullback-and-a-breakout-rl\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An Opening Dive, a Pullback and a Breakout (RL) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"We had excellent news from RL this AM: Here are some trades you might consider making your own: 1) Opening Drive. If RL doesn&#8217;t tick down on the open and their is protection on the bid, then pay the offer and play the momentum. 2) The Pullback. So you missed the opening drive and still want in with this RL. ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/an-opening-dive-a-pullback-and-a-breakout-rl\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2011-02-09T19:58:32+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/02\/RL-news1.png\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script 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