Tuesday 31 March 2009

Trades 31/Mar/2009

Watchlist:
AAPL,ABT,ADSK,AEO,AEP,AMZN,APOL,BHP,ESRX,FSLR,
GILD,GPS,HBC,HUM,IBM,JCP,JWN,KBH,LOW,MCD,MCK,
PAYX,PM,QCOM,RMD,SOHU,SYNA,TJX,TOL,UL,UN,UNH

A bit of a wild day today. Had some orders in for longs, but didn't get filled. So only the one trade to blog about (actually two positions on the same stock in this case).

(P.S > Performance table also updated for month of March).

PM (fall thru previous day's low)

Bearish 1st and 2nd. The 3rd is a gravestone doji which crosses the oR, and closes weak off ema. This is our short trigger. Went a bit wild after entry and reached 1R for partial then came back to break even. The 6th bar is my second short entry: A NR7 pullback as we continue to trend down. This is triggered on the 8th bar. We take partial at around the Fib Ext level which is about 1.6R then leave the rest to run. This is stopped out at breakeven as it recovers strongly.

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

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

2 comments:

OONR7 said...

what are you at... 5,6 or more straight profitable days? Nicely done.

TraderAm said...

Thx, 00nr7.
Had a bit of good run towards end of the month.