Initial Watchlist:
ABX,AGU,APH,AU,AUY,BCS,ACN,CSIQ,GG,IBN,IGT,IPI,KBH,
MGM,RIMM,SLT,SPWR,TOT,TS,UPL,VMW,WOR,WYNN,YGE
May be worth being a bit cautious today as day after a big move can be choppy.
No trades today as I was in and out of meetings at work. When I did have time to look at the market, trades didn't really present themselves. However looking back thru the charts on my watchlist, there were some opportunities: AUY(10th candle), VMW (12th - 14th), WYNN (13th), YGE (11th).
To be fair, I probably would not have traded some of these (even if not busy with work) as they occurred a bit later in the day and I could well have been travelling home.
4 comments:
Thanks for your response to my question the other day on trading tools. And thanks again for the useful stuff you post every day.
Mike
would you also consider MGM off the 9th candle to be a legit trade?
Thx!
p.s - Joining Mike and I'm sure to all the others who don't post - Thank you for the morning watch lists, thx for the charts and thx for sharing with us this valuable information. Thanks!
mike.
No prob. Glad you find it useful.
stocksmith.
MGM > In terms of the entry pattern. Yes an execellent NR7 confirming OR as resistance and off ema. A very nice trade indeed.
However, the 2nd candle closed above prev day's low. So I removed it from my list. That's just the way I play it. It's still a good TraderX trade in it's own right though. Good spot.
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