Monday, 12 October 2009

Trades 12/Oct/2009

DNDN (gap up)

Gap up then trend sideways before it gains ema support. The 7th is NR7 off ema and following a bullish 6th. This was our long trigger. never got going and stopped out for a loss.

HUM (up thru prev day high)

Bullish first thru prev day high. The 2nd breaks the OR and is followed by retrace. The 4th is NR3 pullback red hammer and is our long trigger. Closed partial at 1R as Fib Ext was nearing. the rest came back to stop at breakeven.

TXN (gap up)

Stong first and then trend up with ema. The 5th is inverted hammer off OR high confirming it as support and is our long trigger. Looked good initially but then reversed in middle of the day and we were stopped out for a loss.

No other trades for me today. Missed a good entry in PEP, but aprt from that nothing else that I could see. Also, perhaps I was guilty today of not strictly following my trading plan. The market was looking overbought and longs were not the best option in retrospect unless you got in early enough. Hope you had a good day.

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


andi said...

berakout has been killing me for some time, so i don't play anymore..

I played only one stock...ONXX and good thing i bailed out early w/ 1R.

Saw R, but did not hit the trigger..

when r u starting full time trading..u got lots of promise

TraderAm said...

R was nice chart > not on my watchlist though.

Full time trading ? I'm too scared my friend...:-)