Friday, 17 July 2009

Trades 17/July/2009

REG (gap down)

Bearish first then sideways consolidation at OR lows. The 4th breaks OR and then we get the pullback we are looking for. The 7th is bearish NR7 with upper tail of OR low and off ema. This is our short trigger. Closed partial at 1R as $30 level was nearby and left rest to run. This was closed in last session as we got past $1 gain for around 3R.

No other trades for me today. I did have some orders in (AAPL, TCK, IBN) but they never triggered. Some others were too close to Fib Ext. I also missed a good entry in CTSH.

Hope you had a good day and have good weekend.

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


Day Tradr said...

Which candle in CTSH would have been an ideal entry?

Charlie G. said...

Nice work.

I had a short gapper watchlist on Friday and REG made the most clear move from it.

I put in an order for 100 shares to short when it first broke $31 (15 minute ORL matched a whole price threshold - gotta love it), but my platform through Genesis/Cy Group rejected the order - "No ECN/MM available". I didn't try again.

Even if I had been able to enter, not sure I would of had the patience to stay in the trade for an hour like you for the full profit target - but that's my eventual aim someday.

TraderAm said...

DayTradr : The 7th candle on CTSH.

Thanks Charlie G.

Day Tradr said...

Thanks TraderAM.