Initial Watchlist:
ABX,APC,BHP,BIIB,BK,BTU,CAT,COST,FCX,FSLR,FWLT,GG,
MT,NOV,NUE,NXY,NYX,POT,PRU,SU,TEX,WFR,X
BHP (gap up)
A standard gap up play. Bullish first candle is followed ny narrow range candles in upper 1/3rd of OR. Went long on break of OR and market upturn after retracement.
Entry: 38.95 Stop:38.50
Fib Ext: 40.29
1R=39.40 2R=39.85 3R=40.30
There wasn't much momentum left though. Closed partial at 1R , then rest came back to breakeven. (Net gain +0.5R).
I didn't make any other trades. I was looking for some potential shorts during middle of the day as the market sold off, but nothing really set up the way I liked. May need to do a bit more work on scanning for specific opportunities in Topgun. Also on a related note, I have sent off the paperwork to open a Tradestation account, so hopefully I can then code some more specific scans on the setups that I like to trade once that is up and running.
--------Trades ------------------------------
4 comments:
It actually looks like you (and your plan) did really well today by not doing much trading because it was such a sideways market. You should give yourself some props for that.
I'm sure there are a lot of traders who just churned it today rather than holding back like you did.
-AT
Thanks AT
haw is the trad-
fwlt abuve the 5 bar
you're going to open yourself up to a whole new world of options with Tradestation. Seems like a coders paradise. A pretty logical step.
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