Wednesday, 18 November 2009

Trades 18/Nov/2009

ALV (gap up)

Gap up then retrace to ema with NR7 inverted hammer. This 5th is our long trigger for partial gap fill trade. Took partial at 1R then rest came back to breakeven.

Didn't have much time for markets today as was busy at work, so may have missed other setups. Hope you had a good daytrading day.

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Anonymous said...

I have no idea why you took this trade other than the 5EMA support.

Good luck.

TraderAm said...

Support at ema. A NR3, NR7 bar which is 2nd of a two bar low indicating a measure of support.
The market was bouncing off previous day's low and cycles were heading up.