Tuesday 2 June 2009

Trades 02/June/2009

CHU (gap up)

Strong 3 candles then NR7 at top of range. This was my long trigger. An aggressive trade because the ema is some distance away. But the setup showed promise and market was getting stronger. Closed partial at 1R (Fib Ext) then rest came back for breakeven.

PM (rise thru prev day high)

Strong first and next two confirm prev day's high as support. The 5th breaks OR and then the 6th retests OR as support. This was our long trigger. Closed partial at 1R (near Fib Ext) and then rest towards end of day also at around 1R.

PNC (fall thru prev day's low)

Three weak candles as we break OR low. The 4th retests OR as resistance and is our short trigger. Closed partial at 1R (near Fib Ext) at whole number. The rest was left to run and closed towards end of day at the 2R level.

-------Daily Stats -------------------------

6 comments:

Anonymous said...

nice..Why PNC though??

TraderAm said...

Please expand on your question.

Why what ?
Why did I trade PNC ? Why did I include it in my watchlist ?...etc.

Anonymous said...

stop or stop limit??
when you intend to buy above certain price or short below certain price do what do you use. I been using stop but gets lots of slippage..
i would assume to exit your positions you would use stop though (& not stop limit)

Sukwinder

TraderAm said...

For Entry I use stop limit.
For exits (stop)I use Stop.
Fo exits (taking profits) I use Limit.

Anonymous said...

I really enjoy your posts. Please continue to post your activity - Thanks.
Adrian Enzastiga

Anonymous said...

I really enjoy your posts. Please continue to post your activity. Thanks.
- Adrian Enzastiga