Wednesday, 25 February 2009

Trades 25/Feb/2009


HLF (gap down)

Weak first then pullback but we can't get above the 50% OR distance. Lower highs and lower lows on next two inside candles. The 4th is red hanging man and is our short trigger. It continued down despite the market bouncing, so I moved stop to breakeven once 1R was reached. Took partial at 2R (since Fib Ext was still some distance away) then closed rest for $1 gain as market was bouncing.

Missed an entry in DNR, but other than that, not much else going on in my list.

----Fib and R-Values


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