Thursday, 21 May 2009

Trades 21/May/2009

VALE (gap down)

Red first then two weak NR bars which break the OR low. The 3rd was short trigger. It looked good initially as it reached 1R but then it came back and stopped out at breakeven. I was looking for it to get to 2R for partial as that was near whole number, but it never made it. So a breakeven trade overall.

BTU (gap down)

After fall down ema, the 5th is NR7 off OR low and ema andis our short trigger. Got caught in the retrace and stopped out for a loss.

No other trades for me today. There were a few other setups but Fib Ext was too close so i didn't trade them. I'll post my IB trades later as I can't logon at the moment. Hope you had a good day

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