Monday, 1 February 2010

Trades 01/Feb/2010

ALV (gap up)

Gap up then trend up past OR and retaining OR high as support. The 7th is green off OR high and ema and is our long trigger. Closed partial at 1R near fib ext and left rest to run. This was closed in last session as we got past the $1 gain and up to the 2R level.

GCI (gap down)

Gap down and bearish first. Despite the bullish 2nd the subsequent candles continue to show weakness. The 5th is bearish upper tail off OR low and ema and is our short trigger. Looked good initially as it moved down, but just didn't have the legs to get to 1R. Then it reversed and came back to stop out for a loss.

No other trades. Hope you had a good one.

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