Monday, 18 May 2009

Trades 18/May/2009

AU (gap down)

Gap down and fall thru prev OR on 2nd. The 3rd is NR3 pullback and is our short trigger. Didn't work out and stopped out for a loss. Entry maybe a bit too aggressive.

CHL (gap up)

Gap up then trend past the OR. Sideways consolidation as we gain ema support with narrowing candles. The 9th is off ema and closing strong and is our long trigger. Took partial at 1R which was also near Fib Ext. Closed rest at end of day also around same level.

RTN (gap down)

Gap down is followed by three weak candles. Then we have pullback to ema resistance. The 6th is off ema and red hammer closing weak. This is our short trigger. Came down with the ema as it weakened. Closed partial at 1R and then rest came back for breakeven.

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