Tuesday 27 October 2009

Trades 27/Oct/2009

AKS (fall thru prev day low)

Sideways at OR lows after bearish first. The 10th is off OR low and NR7 and is our short trigger. Closed partial as it got past 1R. Then rest came back to breakeven.

BP (gap up)

After gap up, there is retrace to ema support then trend up. The 6th is bullish off OR high and closing strong. This is our long trigger. Closed partial at 1R then rest came back to breakeven.

FUQI (fall thru prev day low)

Bearish first then trend down past OR low before we get a shallow retrace. The 7th was the best entry, but I missed it. Shorted on further weakness on 9th pullback IB. Closed partial at 1R as we got close to the Fib Ext. Closed rest towards end of day for just over a $1 gain at 3R.

IBN (gap down)

Fall thru OR lows then retrace with NR bars which couldn't regain the OR. The 6th is NR3 IB and is our short trigger. Closed partial at 1R then rest was closed at end of the day, at around the same level.

SLT (gap down)

Bearish three candles after gap down then retrace back to OR lows. The 9th is bearish off OR lows closing weak. This is our short trigger. Closed partial at 1R near Fib Ext and left rest to run. This was closed at end of day at around the same level.

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2 comments:

niki said...

I plan to short IBN under the 7 bar but it didn’t trigger only four bar latter ,but I didn’t short it then .
Do you trade if it triggers few bar later?

TraderAm said...

Y as long as the price action is still bearish.