Tuesday, 22 September 2009

Trades 22/Sept/2009

CHK (gap up)

Strong initial price action. Went long on oR break on 3rd which was off ema and closed strong above OR high. Showed some price early on as it got near 1R, but that was as far as it went. Subsequently came back to stop at break even.

PEP (fall thru prev day low)

Bearish initial price action relative to the market. Retraced back to OR low and ema. The 8th is off OR low and ema and is our short trigger. Never followed thru and came back strongly to stop us out for a loss.

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

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