Wednesday, 25 March 2009

Trades 25/Mar/2009


HSY (gap down)

Retrace after gap down but shows resistance on 3rd which although green has a bearish upper wick. The 4th is NR3 off the ema and closing back inside OR. This is our short trigger. Didn't really do much after that as it went side ways for rest of the day. I hoped it would fall to OR low and give me 1R but never happened. Closed at end of day for around breakeven.

DF (gap down)

Gapped down and fell thru previous day's low on first candle. The next candles confirm previous day's low as resistance. The 4th is weak red OR breakout off the ema and is our short trigger. Closed partial at 1R as Fib Ext was nearby. Then closed the rest at $1 gain (around 4.5R).

-----------Fib Ext and RValues-----------


1 comment:

OONR7 said...

two great days in a row... keep it going.