Monday 1 June 2009

Trades 01/June/2009

CL (gap up)

Strong first then consolidation at upper OR level. The 4th is bounce off OR high acting as support. This is our long trigger. Trended up slightly for remainder of the day. Closed in last session for just over 1R.

GME (gap up)

Strong first then consolidation at upper OR level. The 6th is strong doji off ema and closing outside OR. The 7th is NR7 off OR acting as support and is our long trigger. Looked good initally as it reached 1R, but never followed thru after that and came back to stop at breakeven.

NYX (gap up)

Strong first then consolidation at upper OR level. The 5th is bounce off OR high acting as support and is our long trigger. Never followed thru and came back to stop out for a loss.

OSIP (gap down)

Bearish first two candles are followed by retrace to the ema resistance. The 7th is NR7 off ema and is our short trigger. Closed partial at 2R which was at Fib Ext. Then closed rest near the $30 level for around 4.5R.

SCHW (gap up)

Break OR on 2nd and the 3rd is NR3 pullback off OR high and is our long trigger. Closed partial at 1R which was near Fib Ext then rest came back to stop at breakeven.

Overall a good day. Hopefully it's a sign for a good month.

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

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

5 comments:

Anonymous said...

Very nice.

Josh said...

Great trading. How are you able to manage 2 b/o at the same time? GME and OSIP, both b/o on 7th bar. Did you enter with open market orders or stop limit?

TraderAm said...

I enter with stop limit orders.

OONR7 said...

golf on Friday... taking no prisoners on Monday. Well done.

TraderAm said...

Thanks 00nr7...I don't think the two are related though :-).