Trades 27/Aug/2009

Didn't trade yesterday as I extended my break for an extra day. Today was a good day back.

NUE (fall thru prev day low)

Bearish first two then retrace with narrowing candles. The 4th is NR3 inside bar pullback and is our short trigger. Closed partial at 2R then rest came back to breakeven. I did consider closing partial at 1R but I let it ride due to relative weakness and trailed my stop as it broke thru the whole number.

OSK (gap up)

Strong first then trend up past OR high. The 5th is NR3 inside bar pullback and is our long trigger. Closed partial at near whole number at 1R then left the rest to run. This was closed towards end of day for over a $2 gain (around 6R).

SIGM (gap down)

Broke OR low on 3rd candle. The 4th is inside bar NR3 pullback and is our short trigger. Just chopped around after entry and stopped out for a loss.

No other trades for me today. Hope you had a good one.

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