Friday 27 March 2009

Trades 27/Mar/2009

Watchlist:
ABX,ACN,AEM,ALV,AMGN,APA,ASML,BHP,BP,BTU,CCL,CHK,CTSH,
DVN,ECA,FTO,HAL,GSK,IBM,JNPR,KBH,KGC,MOS,NVLS,PBR,PFE,PM
PPG,RIG,SII,SLB,STT,SWN,TIF,VOD,XTO

Finishing early today, so I'll quickly post the one trade I did.

IBM (gap down)

Weak price action relative to market. OR break on the 4th is followed by retest of OR as resistance on 5th. This is our short trigger. Took it's time, but then trended down as the market weakened. I closed all my position at around a $1 gain (just above 2R) as I am out with some friends tonight and won't be watching the market. Wouldn't be surprised if this trended down for rest of the day.

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

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

Hope you had a good day and have a good weekend.

4 comments:

Anonymous said...

nice.
How did you stop IBM. Wasn't in my IB gappers.

TraderAm said...

Anon.
IBM came up in my Tradestation scan.

OONR7 said...

congrats on a great week.

TraderAm said...

Thanks 00nr7...and to you