Monday, 3 November 2008

Trades 03/Nov/2008

Initial Watchlist:
BIIB,BP,CAL,CCL,CEG,DRYS,FFIV,HAL,IP,MER,
MRO,MS,NOV,PRU,RIG,TOT,UAUA,UBB,VZ,WFT

Not much to blog today. I had some other commitments, so wasn't able to look at market much. During the time I was watching, only one trade to report.

DRYS (gap up)

Standard gap up followed by sideways consolidation as we gain support at the ema. The 6th is NR3 pullback to ema and is our trigger for long.

Entry: 23.44 Stop: 22.95
Fib Ext: 25.18
1R=23.93 2R=24.42 3R=24.91

The next candle started off well as we reached 1R, but that is as far as it went. We then pulled back and were stopped out for breakeven.

2 comments:

ralph said...

TR: of the 37R you achieve in October, how many winning trades were less than 1R? I believe that quite a bit of your r's were due to scalp trades. Your methodology has dramatically changed for the better I might add! Congrats!. Ralph

TraderAm said...

ralph.

13 trades of 1R or less.