Friday, 16 January 2009

Trades 16/Jan/2009

Watchlist:
AEM,AGU,AU,AVP,EL,CNQ,FCX,GG,KGC,OCR,PCU,
POT,SID,SU,SUN,VIVO

EL (gap down)

Bearish first then sideways. We try to rally off the lows and break OR on 6th candle. This is offset by 7th and then the 8th is a NR7 closing is back below the OR and closes weak. This is our short trigger. It fell initially but then didn't follow thru and we are stopped out for a loss.

I may have missed some setups early on as I didn't get to look at the market until over an hour after the open. Nothing else subsequently set up. This was end of a run as it was my first losing trade of 2009. But I'm sure there will be many more..lol.

Market's closed on monday, so have a good long weekend.

-----Fib and R values-----------------------


-----Trades --------------------------------

7 comments:

OONR7 said...

hell has frozen over. In fact, I think there's a blue moon outside :)

TraderAm said...

It could be like London buses. You think one will never come along but then wham !!! Three or four come along together. :)

Z said...

Not bad having first losing trade after half month of 100% profitable trades.

Good luck next week!

niki said...

v- had good pullback in the 3 and 4 bar,short below the 4 bar!???

OONR7 said...

I'm on that bus route right now :(

TraderAm said...

Z > Thanks and good luck to you as well.

niki > V, yes fair trade. > There wasn't much of a gap on that so I doubt it would have appeared on my scan.

niki said...

thanks , can you recommend a good gaps book ???