ACE,AIG,ASML,BAC,BHP,BIIB,DNA,FNM,HBC,IBN,IMCL,ING, LEH,MGM,MRK,MT,PAAS,SAY,SGP,STI,TXT,UBS,WFMI,YHOO
AIG (gap up)
Strong first is followed by OR break on the 2nd. We then have a clean retracement to the ema. The 5th is green hammer like bouncing off the ema and is our long trigger.
Entry: 27.58 Stop:27.20
Fib Ext: 29.33
1R=27.96 2R=28.34 3R= 27.72
We look ok initially but the stock can't maintain it's momentum and we close for a loss.
SGP (gap down)
Red 1st is followed by fall thru OR on 2nd. The 4th starts a retrace back to the OR. The 10th is red and closes below the OR. The 11th is a red hanging man off the ema and is our short trigger.
Entry: 19.32 Stop: 19.80
Fib Ext: 18.66
1R=18.84 2R=18.36 3R=17.88
The candle after entry is promising, but that is far as it gets. The stock recovers and we are stopped out for a loss.
Just the two trades today, as I couldn't find much else from my list to trade.
2 comments:
ouch
anon.
It's only a couple of losing trades, what's the fuss :-)
Post a Comment