Thursday, 5 February 2009

Trades 05/Feb/2009


DLB (gap up)
Strong first with consolidation in top 1/3rd of OR. The 7th breaks the OR and the $30 level and also closes strong. This is our long trigger. Looked good initially but then it went on a break for rest of the day and did nothing. Closed at end of the day for breakeven.

CNQR (gap down)
Initial strong retrace to partially fill the gap before the bearish 7th inverted hammer hits resistance. The 8th is NR7 and NR3 which confirms weakness of the 6th. This is our short trigger. Works out nicely for 1R partial but doesn't have enough for break of $22. The rest is closed at end of day for small profit. Overall around 0.75R gainer.

------Fib and R Values --------------------

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


OONR7 said...

CNQR trade is very nice. I wish DLB would've done more.

OONR7 said...

just curious... you wouldn't know how or where to get Wimbledon tickets for this year, would you?

TraderAm said...

Thx oonr7. Answered Wimbledon query on your blog.

QQQBall said...


near exact .618 fibbo "X" retrace from PDH to ORL.

nice one!