ANF,ASML,BCS,COF,DFS,ERJ,FRO,GGB,HOG,JEC,LO,MATK,MER, PETM,RIMM,SID,STO,SWY,TJX,TSRA,TXN,UBS
Just the one trade today.
HOG (gap down)
First candle bearish. We then trend down past the OR on the 3rd candle which closes weak. The 5th is the pullback and is an inside bar NR3 spinning top which stays below the OR. This is our short trigger.
Entry: 37.92 Stop:38.30
Fib Ext: 36.83
1R=37.54 2R=37.16 3R=36.78
The candle after entry is promising, but that is far as it goes as we come back inside the OR and are stopped out for a loss.
I did have an order to short GGB, but it never triggered and so I pulled it. Couldn't find much else to trade today, as it turned out to be very choppy.
2 comments:
I hear ya... chop, chop today. I'm always fearful of shorting the day after a big down day as I feel there's a lot of big money buying the dips.
i traded GG off the reversal near 28.35
just eyeballe the price action. nothing fancy.
quite a few reversals in the gappers today.
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