Wednesday, 14 October 2009

Trades 14/Oct/2009

GGB (gap up)

Strong first then shallow trend up at OR high before the breakout on 5th off ema and closing strong. This is our long trigger. Closed partial at 1R then rest came back to breakeven. Shame really as it rose nicely in the last session and would have got past 2R.

NFX (gap up)

After gap up it retraces to 38% Fib on the 3rd candle. The 4th is NR3 doji off ema and is our long trigger. Didn't really do much for rest of the day. Closed at breakeven.

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andi said...

hey traderam:

what kind of bull market is this when there is no breakouts and no follow thru in day trades...things were better in 2007-08..what do you think about the way day trade pattern and this so called bull is maddening to me.

TraderAm said...

Yes it is fustrating. Don't know about 2007 as I wasn't daytrading consistently then. But 2008 was a good year. This year has been tough trading these setups.

Perhaps we need to be smarter and take on board what the market is telling us and develop a trading system to match.