ACI,AGU,AKS,BHP,CF,CHK,CNX,COH,DRYS,FWLT,IMCL,LDK,
MT,NOV,NUE,OSIP,PBR,POT,RIMM,RRC,SU,TRA,VIP,WMB
LDK (gap down)
Red 1st. 2nd red breaks the OR. The 3rd is the pullback we are looking for. A NR7, NR3 inside bar. The ema distance is not ideal, but with the market in a lot of red, it was worth it imo.
Entry: 24.21 Stop: 24.70
Fib Ext: 22.33
1R=23.72 2R=23.23 3R=22.74
The next bar is ideal at it falls strongly. We take partial at $1 gain which is around 2R and leave rest to run. This comes back strong on the pullback and is stopped out at breakeven.
RRC (gap down)
The first candles are just bearish as it drops right out of the gate. The 6th starts the pullback as it comes back up to the ema resistance. The 9th is a NR7, NR3 which closes below the ema confirming it as resistance and is our short trigger.
Entry: 28.73 Stop: 29.23
Fib Ext: 28.21
1R=28.23 2R=27.73 3R=27.23
Fib Ext: 28.21
1R=28.23 2R=27.73 3R=27.23
After entry, it doesn't do much as it just drifts sideways. However the fall we are looking for happens later in the day. We take partial at 1R as that is also the Fib Ext and then the remainder I closed at the 3R level as the Fib Ext had already passed and I wasn't sure about getting back to the market later on.
Just the two trades. I did like VIP for a short, but had to leave from work so was unable to watch it long enough. It did trigger later on (12th candle). But overall two good winners.
3 comments:
I didn't have your profit goggles on today :O
Nice trading.
the 10 bar on ther rcc shod take you out ???
i trade ebay short in the 8 bar enter in 17.79 and stop 18.01
Thx oonr7.
anon..
RRC > No, the high of the 10th bar occurred before my entry was triggered.
EBAY > The 8th bar was still inside the OR ? Worked out well though, nice reward.
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