Wednesday, 13 May 2009

Trades 13/May/2009

ED (gap down)

Fall thru OR on 2nd then retrace back with NR3 pullback. This was our short trigger. Took partial at around 1R which was the Fib Ext level. Then rest closed around the same level.

DD (gap down)

Gap down then sideways consolidation at OR lows. The 5th is bearish off ema and closes weak past the OR low. Looked good initially but support held and the 8th closed back inside the OR, so I closed my position for a loss.

No other trades for me today. Hope you had a good day.

---------Trade Info ------------------------


Anonymous said...

damn, that DD would have made you nice chunk. May be you keeping the stops too tight. You gotta leave some breathing room

OONR7 said...

it's been like walking in mud.

TraderAm said...

Anon...maybe or perhaps should have re-entered.

TraderAm said...


Yes I be honest I am kind of rethinking this trading lark.

bl said...

Lark? When I see BAC go from 2 to 15 in 2 months then I really wonder about trading gaps unless of course one follows 10 stocks only, or one, and keeps an eye on it like a hawk with longer term charts to see some benchmark prices it could go to. BAC gaps daily, hit the the 200 ema and reversed, probably to some fib# or support, or trend line from now!GL

OONR7 said...

well if you're rethinking it... I'm in a load of trouble :)

bl said...

Or try some beta stocks: lvs mgm wynn hig lnc pl xl cbl.

OONR7 said...

bl: I really wish you would start your own blog. You comment daily about what we should be doing and what we should be looking at and it would be nice to actually go to your blog where it's all detailed and laid out with charts and trade logs. This way it would be easier for all of us to learn how you do it. How you spit out all these great stock symbols day in and day out. Maybe you could do a detailed post on how you put together a good, solid watchlist that is much better than looking for gap trades.
Comments are great... but they can be a bit repetitive. I'm sure I wouldn't be the only one interested either.
Plus, sometimes it's tough deciphering your shorthand information.
Think about it.