Tuesday, 12 January 2010

Trades 12/Jan/2010

IBN (gap down)

Gap down then weak price action relative to market as it comes down to the ema. The 6th is NR7 OR breakout off ema and closes weak. This is our short trigger. Looked good after entry as it got to 1R. I was looking to take partial at 2R near whole number as Fib Ext was still a decent distance away, but after 1R it came back and stopped me at breakeven. Bit of a shame as it then resumed it's fall down to whole number. It happens.

No other trades for me today. The one that got away was ATI, I was just too late getting my order in and it fell too fast past my entry (short off the 4th candle). Anyway, hope you had a good day trading.

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

1 comment:

Anonymous said...

crikey.. mate.
I haven't done shorts for months...for a reason.
Again only one trade PRGO..nice smooth reached fib...alas, i trade w/ small R now a days...