Thursday, 16 July 2009

Trades 16/July/2009

LM (fall thru prev day low)

Bearish first then OR break on 3rd. The 4th is NR3 pullback off OR low and is our short trigger. Never got going and stopped out a couple of candles after for a loss.

WHR (move up thru prev day high)

Strong first and OR break on 4th after shallow pullback. We trend up with ema and the 9th is narrow range hammer off ema and is our long trigger. Wasn't clean, but it worked itself upwards. Closed partial at 1R towards last session. Then closed rest near end of day as market was rallying for $1 gain just over 3R.

I did have some other orders in : NYX, EMR , but never triggered. Hope you had a good one.

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


Anonymous said...

FDX long
AIG short

OJ said...

I posted question regarding your entery to LM on traderX blog. Its only fair that i lso ask you:
do you think this traded could have been avoided?

TraderAm said...

OJ > Yes it could have been avoided if I hadn't traded it. If you are asking was it a bad setup...I don't think so.