Tuesday 28 April 2009

Trades 28/Apr/2009

FWLT (gap down)

Weak first then sideways consolidation along OR low. The 6th breaks OR and we get the pullback on the 8th which is a NR7 and closes weak off ema. This is our short trigger. Closed partial near Fib Ext and rest came back to breakeven.

ABX (gap down)

After gap down we recover to ema on the 3rd. The 4th is off ema and NR3 and is our short trigger. Closed partial at 2R as the OR was crossed then rest came back to breakeven.

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

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

2 comments:

Greytrader said...

Just in case there is something wrong with your NR7 QT code and it is not a data issue, with IB data your entry bar is a NR5 not NR7. Entry bar range is .12, 15:30 bar Monday range was .10

Nice trade.

TraderAm said...

Thanks Grey...corrected.