Friday, 25 September 2009

Trades 25/Sept/2009

ADM (move thru prev day low)

Bearish first then move lower and behaving weaker than the market. The 4th is NR3 off ema and at OR lows closing weak. This is our short trigger. Closed partial near Fib Ext and then rest near whole number (around 3R). Didn't quite get the full benefit due to some slippage, but a decent profit nevertheless.

Couldn't see much else going on and Friday's tend to be more choppy anyway, so just the one trade for me. Hope you had a good one.

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


OONR7 said...

nice catch!!

TraderAm said...


greytrader said...

Hey TraderAM,

Remind me your scan criteria for 'push-through'. Open within yesterday's range, 1st 15min candle close outside... And just minimum volume and price ?

niki said...

nice trade.

did you consider looking for bear/bull flag/ or consolidation on the OR.
and maybe trading stocks that below 10$ ,i trade LUNA above 5 bar

TraderAm said...

Grey > Yes as you say. Min vol is 150k and price > $12. Although not strictly necessary for candle to open in prev day range. It may have gapped up slightly for example. As long as close is outside the prev day range that is the main criteria I look for.

Niki > don't really look specifically for bull/bear flags. However the pullback trades are pretty much the same I think ? Don't trade below $12...found them to be too inconsistent and fill problems as well.

Thanks for comments.