Tuesday, 17 November 2009

Trades 17/Nov/2009

AGO (gap up)

Bullish first is followed by deep retrace to OR low as market weakens. It finds support here and trends up with ema. The 8th is NR7 off ema and with market strength is our long trigger. Closed partial at 1R then rest came back to breakeven.

CIEN (rise thru prev day high)

Bullish first is followed by shallow retrace to ema support. The 6th is hammer off ema and is our long trigger with market strength. Closed partial at 1R then rest near end of day at around 2R.

No other trades for me today. Did have orders for CHU, DTV,mck but never triggered. Hope you had a good day trading.

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


bl said...

Way to go. AGO was a Notable Calls choice premkt due to broker's + comments/eps

Shalev said...

Hello TraderAm.
AGO is on my watch list for the past 2 or 3 days. Looking good for monitoring through out the week.
Nice trade.

Question: What are the little dots on top of your candles in the charts, the purple or gray ones... I was thinking this might be signals for specific type of candles such as Doji-Hammer or NR7 ?

BTW - Do you use fib only part of the time or you just take if off the charts before publishing(might be too much for the eyes on one chart?) ... ?

Thank you TraderAm


TraderAm said...

Shalev > Yes you are right, the dots indicate a NR3,NR7 candles.

The Fib Ext 1.382 is always one of my targets for exiting a trade (either partial or compelete). I don't have it on my charts at all. I use it on my excel spreadsheet to calculate targets and enter orders.

It may be easier to have it on charts, just got used to excel, so I haven't bothered finding out