Friday, 18 April 2008

Trades 18/April/2008

Watchlist:
ABX,AMZN,BHP,BRCM,C,CAT,CMI,DOX,FDO,FITB,FNM,FRE,FTE,HON JNPR,KEY,KGC,LEH,MS,MTH,NEM,NIHD,ROST,SCHW,STI,WB,WFC,ZION

This is my first cut watchlist. Work is busy today, so I may not get time to trade. But will post some charts later anyway if I see some trades in hindsight.

Ouch > Looks like I missed out today. Quite a few trading opportunities from the list above. Namely, DOX,HON,MS,WB,LEH. A couple of these are shown below.

LEH (gap up)

After gap up, we retrace on the 1st candle, but then begin to recover. The 3rd, 4th and 5th candles are bullish and take us to the OR. The 6th is hanging man type doji and NR7 and off the ema and closes strong. It is a trigger, but higher risk since we haven't broken the OR. W ebreak thru OR on 7th candle. The 8th is hanging man which bounces off ema and also tests the OR confirming it as support. It also closes strong. This is our 2nd trigger.

HON (gap up)

This chart is similiar to LEH. After retracement following the gap up, we trend up to the OR. The 8th candle breaks thru the OR and also it breaks thru the decade $60.00 level and in addition it closes strong. This is our trigger. The next candle (the 9th) candle holds the OR, confirming it as support and adding confidence to our trade.

1 comment:

bl said...

Alot of nice 30m charts: cat eqix amzn