AAP,ABX,AEM,ALD,AMLN,AN,BKS,BMC,ASTI,DSX,ECA,GG,GGB,HERO, JRJC,KGC,ONXX,ORLY,OSIP,RF,SBUX,SWY,TITN,TRMA,URBN, WGOV,ENI
ONXX (gap down)
After weak first candle, the 2nd drops below the OR. Then we recover and move up to the ema, where some resistance is encountered. We move down with the ema from the 6th candle onwards. The 10th is a weak candle which breaks out of the OR and off the ema and closes weak itself. This is our trigger for a long.
Entry: 35.74 Stop: 36.10
However after entry, nothing much happens as we just move sideways throughout the session. We close our position for a loss near the end of the day when it closes back inside the OR.
I couldn't really see much else to trade. I think Ralph mentioned RDC which would have been a good pullback/retracement trade. As would DSX, TRMA looking at the charts in hindsight.
2 comments:
TR: started out looking like it was going to be a great day. My watch list was overwhelm with prospects. It is now almost 11:00 am, and I can't find a decent set-up. Keeping my eyes on gld, nem, hte & rdc. Hope you are having better luck. Ralph
Thanks ralph, RDC had a nice 11:30 trigger bar on the 15min time frame.
Post a Comment