Trade recap 4/28 YOKU

This trade recap is being done on 4/29 , however it is for the action of YOKU on 4/28 which was on this days watch list. My idea for YOKU was R/G play after the strong action the day before. One aspect of the R/G play which gets many people confused is that it does not have to be a quick play right out of the gate. A R/G play can take its time setting up before it starts to curl up on its way to green. Another aspect of a r/g play is that it doesnt HAVE to go green as long as you anticipate it on the long set up you can take a nice trade in it and not need to hold it for the green move. YOKU was an example of both. First it pulled back quite a bit before setting up a higher low move which is where i entered for the move at 18.17. And second, it did not go green but had a nice juicy move! Here is what is the daily as of today, remember the move I traded was yesterdays candle.

As you can see after the strong day I had it on watch for a pullback red or weak open in the morning. I was looking for a set up to take for the move to green or at least close to it. Here is what i found

So as I always say, once you have a bias for that day you are looking to trade, be patient and wait for the set up to form. Do not take the opposite trade unless you have a plan for it. My plan for this one was a R/G so I waited for the opportunity for this play to show up