Friday, 10 July 2009

Trades 10/July/2009

STP (fall thru prev day low)

Trend down with ema then pullback with NR candle. The 12th closes weak off ema and is our short trigger. Didn't work out and it came back to stop us out for a loss.

Nothing else that I could find today. Hope you had a good one.

3 comments:

Anonymous said...

why you enter a trade even the stock pass 138% fibonacci ?

TraderAm said...

Yes if I think it has further to go. There are plemty which have a secondary move beyond the Fib Ext level.

The Average Jay said...

Hi Ann

First time on your blog. I will add you to my blog list.


Jay
http://tradingwiththeaveragejay.blogspot.com/