AAUK,ABX,ADSK,AEM,AU,BEN,BHP,CAL,CNX,CY,DFS,ECA,AGU
FMBI,GG,HAR,JASO,KGC,KSP,KSS,MT,NMX,NRG,PBR,SOLF,SOL
ABX (gap down)
First candle bearish and second breaks the OR. We then retrace to ema and the 4th is NR3 pullback to ema and confirming OR as resistance. This is our short trigger.
Entry: 32.30 Stop:32.62
Fib Ext: 31.58
1R=31.98 2R=31.66 3R=31.34
The price drops nicely after entry as we reach 1R. However there is no follow thru and we are stopped out at breakeven as the stock reverses.
HAR (gap down)
First candle bearish and second breaks the OR. We then retrace to ema and then trend down again. Candles 8 thru 10 are successive NR7 consolidation. The 10th is off the ema and is our short trigger.
Entry: 37.14 Stop:37.55
Fib Ext: 35.51
1R=36.73 2R=36.32 3R=35.91
The price drops nicely after entry as we reach 1R. We take partial at 2R and leave the rest to run. It doesn't follow thru to the Fib Ext and so we close the remainder towards the end of the day for around 1R.
MT (gap down)
First candle bearish and second breaks the OR. We then trend down before starting a pullback on the 7th candle. The 8th is off the ema and pullback in the downtrend. This is our short trigger.
Entry: 73.95 Stop:74.41
Fib Ext: 73.47
1R=73.49 2R=73.03 3R=72.57
The price drops a bit after after entry. However there is no follow thru and we are stopped out for a loss.
STP (gap up)
This was a messed up trade. I didn't do the Fib Ext properly, and entered a long position after the 7th hammer candle off the ema.
Entry: 36.95 Stop:36.40
Fib Ext: 37.13
1R=37.50 2R=38.05 3R=38.60
The price goes sideways after entry as it fails to get thru the whole number. After the second attempt to get to Fib Ext failed, I decided to close my position for a minor loss.
As usual the market adds insult and it climbs higher during the last session. That itself didn't really bother me that much, it was more of a case that I shouldn't even have entered the trade.
Overall, a choppy day with not much going on. A minor losing day.
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