Thursday 9 July 2009

Trades 09/July/2009

Choppy day today, no follow thru on my setups.

MRK (fall thru prev day low)

Bearish first then fall thru OR.The4th is NR3 IB pullback and is our short trigger. Looked good initially as reached 1R and Fib where we take partial. Then rest came back to stop at breakeven.

SUN (gap up)

Sideways action until the bullish 5th breaks OR. The nexttwo are successive NR7 off OR high. The latter is our long trigger. Again looked good as it reached Fib Ext and 1R. Then rest came back to stop at breakeven.

WU (gap up)

Trend up with ema then cross OR on 5th. The subequent candles keep this as support. The 8th is NR7, IB pullback and is our long trigger. No follow thru and it came back to stop out for a loss.

No other trades. Hope you had a good day.

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

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