Friday 18 September 2009

Trades 18/Sep/2009

CTB (gap up)

Gap up and rise thru prev day's high. Break past OR then get retrace on the 4th candle. This is bullish NR3,NR7 hanging man above OR high and is our long trigger. Closed partial at 1R near whole number and rest left to run. This came back to stop at breakeven.

IP (Fall thru prev day low)

Bearish initial price action relative to market as we break OR on 2nd. The 3rd is doji pullback which can't regain the OR. The 4th is off OR low and is our short trigger. Closed partial at 1R near Fib Ext and rest left to run. This was closed at end of day at around 2R.

TIN (fall thru prev day low)

Weak price action relative to market as it falls thru OR on second. The 3rd rejects OR low and closes weak. This is our short trigger. Closed partial at 1R near Fib Ext and rest left to run. This came back to break even.

No other trades for me today. Have a good weekend.

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2 comments:

Anonymous said...

Do you look at the tape at all or just use the chart?

TraderAm said...

Just Charts