Hey there, fellow traders! It’s Barrie Einarson from Trade Ideas, and I’m excited to walk you through an intriguing trading scenario that unfolded recently. In today’s edition of “What Makes This Trade Great,” we’re diving into the nitty-gritty of a trade that had us on our toes. So, buckle up, and let’s break it down!

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So, OCEA, guys—this one was a standout on the relative strength leaders chart all day long. I mean, you couldn’t miss it if you tried. It was right up there at the very top, hammering home its strength, giving us a clear signal that it was one to watch closely.

The real kicker? The end of the day on Friday was a real showstopper. OCEA didn’t just stop at a decent performance; it soared up to 235. And you know what? The party didn’t end there. Even in the after-hours on Friday, it made moves, showing us that there was something brewing.

Now, let’s talk about the real action. We had a series of alerts right around the two-dollar mark. I won’t sugarcoat it—the trade got choppy. It wasn’t the smoothest ride, and I’m not here to tell you it was a walk in the park. But hey, from around $1.93, OCEA went full throttle up to about $2.68, almost like it had a mind of its own.

Sure, there were challenges, but that’s the game we play, right? Trading is never a straight line. It’s a rollercoaster, and this one had its twists and turns. Yet, amidst the chop, there was a silver lining—a great percentage move that made it all worthwhile.

Here’s the secret sauce: keep your eyes on the relative strength leaders. If you had been following the pack all day long, OCEA would’ve caught your attention at the top or close to it. That’s the power of understanding relative strength, my friends.

Alright, folks, that’s a wrap for today. A trade filled with challenges, but the potential rewards were there for those who read between the lines. Remember, trading is a journey, and each trade teaches us something new. Until next time, happy trading, and may your charts be green!